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US export restrictions prevent SK Hynix from shipping equipment to its Dalian plant, halting plans for two new $45 billion NAND fabs in New York. The company argues Dalian expansion funds the US project, but Commerce denies licenses for Chinese capacity upgrades. Solidigm executives met officials nearly 10 times since late August without a green light.
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Summary by ByteBrief

SK Hynix says its SSD subsidiary Solidigm has halted a review of a potential US IPO to fund a new US chip fab, citing "market conditions and share price trends" (P.R. Venkat/Wall Street Journal)
SK hynix Scraps IPO for US Solidigm Fab
SK hynix Cancels Solidigm IPO Plans