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...“The rising demand for HBM from American customers and the need to work closely with chip designers have made the construction of advanced packaging factories in the US a must,” said a person close to SK...
...South Korea is home to top-tier battery producers such as LG Energy Solution, Samsung SDI and SK On, but they rely heavily on Chinese companies for sourcing and refining critical materials for batteries....
...So was the construction of the new plant and about 70 per cent of equipment orders made with Naura were cancelled, according to YMTC employees....
...“We will provide full support, together with SK Hynix, to ensure that our companies won’t fall behind in the global chip cluster race,” South Korea’s industry minister Ahn Duk-geun told SK Hynix executives...
...The Boise plant, which is under construction, should start chip production in 2026, while the two New York factories will come online in 2028 and 2029, respectively, senior US administration officials said...
...But the memory chips themselves, known as Dram, will continue to be produced by SK Hynix’s facilities in South Korea....
...Three YMTC employees said US toolmakers suspended supplies and services to both its existing fabs and those under construction....
...South Korea’s SK E&S holds a 37.5 per cent stake in the project while Japan’s Jera — a joint venture between Japanese utilities Tokyo Electric Power and Chubu Electric Power — has a 12.5 per cent stake....
...to start chip substrate production in Malaysia this year (Nikkei Asia) China shifts Latin America investment to compete with west (FT) Europe over-reliant on Chinese EV batteries, warns South Korea’s SK...
...Biden’s sweeping climate legislation has spurred a cleantech construction boom that will create jobs — and win votes — across the state, they argue....
...Europe is relying too much on Chinese electric vehicle batteries, according to an executive of South Korean battery maker SK On....
...According to prosecutors, the Chengdu plant’s construction was also based on technology stolen from Samsung....
...Even so, companies including Samsung, TSMC and South Korea’s SK Hynix have announced aggressive measures to get all their energy from renewables by 2050....
...It is the largest private corporate employer in the country with 51,200 employees and international backers including Singapore’s sovereign wealth fund GIC and South Korean conglomerate SK Group....
...There’s also German metals company Aurubis and its Japanese peer Nippon Steel, South Korean construction business Samsung C&T, and French shipping company CMA CGM....
...Related stories China chipmaker YMTC warns of ‘turmoil and disarray’ for industry TSMC to send hundreds more workers to speed US plant construction ASML says decoupling chip supply chain is practically...
...Hynix was rebranded SK Hynix in 2012 after it was taken over by the SK Group, another Korean conglomerate....
...The US Department of Energy plans to lend a record $9.2bn for electric vehicle battery factories being constructed by carmaker Ford and South Korea’s SK On....
...The problem, said Tim Bush, a Seoul-based battery analyst at UBS, is the Inflation Reduction Act has given companies until the beginning of 2025 — just over 18 months away — to complete the construction...
...This week the Financial Times revealed that the US is pushing Korea’s semiconductor manufacturers (principally Samsung and SK Hynix) not to fill any gap in supply to China if the US chips company Micron...
...Another of our Big Reads examines France’s attempts at delivering a second nuclear era as an ambitious reactor construction programme comes up against a shortage of skilled workers....
...The include an announcement of a $4bn-$5bn EV battery plant by Hyundai and SK Group and a $2.5bn expansion of solar module manufacturing by Hanwha Q-Cells....
...The joint venture, where LG will hold 51 per cent and Honda 49 per cent, aims to begin construction early next year....
...Construction on the factory in the eastern city of Debrecen will start later in 2022, CATL said on Friday....
...Another ¥325bn will be spent on Toyota’s battery plant under construction in North Carolina....
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