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Samsung, SK Hynix upgrading China plants to make more advanced chips, people say: Reuters

Samsung and SK Hynix upgrading China plants for more advanced chips, per Reuters.

Context

What happened: Samsung and SK Hynix are upgrading their China NAND plants to make more advanced chips, according to Reuters, citing people familiar with the matter. Why it matters: The upgrades aim to meet AI demand and counter YMTC, and are proceeding despite U.S. export-control constraints.

What changed

Samsung and SK Hynix are upgrading their China NAND plants to make more advanced chips, according to Reuters, citing people familiar with the matter.

Why it matters

The upgrades aim to meet AI demand and counter YMTC, and are proceeding despite U.S. export-control constraints.

Sources

cnbc