South Korean memory chip maker SK Hynix is ​​still cautious about applying for subsidies from the U.S. government's chip bill.

(Associated Press)

[Financial Channel/Comprehensive Report] The U.S. government announced the subsidy details of the "Chip Act" a few days ago, and all major companies are paying close attention to it. Park Jung-ho, CEO of SK Hynix, a Korean memory chip manufacturer, said: This said that because the application process is too complicated, there are many requirements in the whole process, and it is still considering how to do it.

It shows that SK Hynix is ​​still cautious about the subsidy of the US chip bill.

The Korea Economic Daily reported that Park Jung-ho also said that regardless of whether the company applied for subsidies from the US government, it would build a packaging and testing plant in the US in accordance with the previously announced plan.

Please read on...

In 2022, SK Group, the parent company of SK Hynix, promised to invest billions of dollars in the United States to build chip R&D and advanced packaging and testing facilities locally.

When Park Zheng-ho made the above remarks, the U.S. Department of Commerce only recently announced the subsidy details of the Chip Act, requiring companies that intend to apply for subsidies to provide detailed business information such as detailed revenue and financial forecasts of new factories to assist in evaluating related applications.

These requirements have sparked complaints from South Korean government officials and high-level Korean industry leaders that the requirements are too much. Some South Korean chip manufacturers also said that if they have to disclose sensitive commercial confidential information to the US government, it may greatly reduce their acceptance of US government subsidies. wishes.

Grasp the pulse of the economy with one hand I subscribe to Free Finance Youtube channel

Already added friends, thank you

Welcome to 【Free Finance】

feel good

Already liked it, thank you.

related news