SK Hynix Stock Falls 11% as Firm Seeks US Approval for China Equipment

TLDR SK Hynix stock fell 11% on Thursday to 1,262,000 won, down 157,000 won. The company wants U.S. approval to ship more chip equipment to its Dalian plant in China. The request is tied to plans by its unit Solidigm to build a NAND factory in the U.S. Solidigm is weighing an IPO as early as 2027 to help fund the project. Washington has revoked exemptions that let SK Hynix and Samsung ship U.S. tools to China without licenses. SK Hynix (000660) stock fell about 11% on Thursday to close at 1,262,000 won. That was a drop of 157,000 won. The move came during a broader sell-off in tech stocks. SK hynix Inc., SKHY The company is asking the U.S.

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