According to South Korean media outlet Sedaily, SK Hynix is planning to upgrade its Wuxi Plant. SK Hynix intends to upgrade its dynamic random-access memory (DRAM) production equipment to the fourth-generation 10nm class chip process at its plant in Wuxi, China, this year. Although operational specifics are yet to be confirmed, the Wuxi plant serves as a crucial hub, contributing around 40% of SK Hynix’s DRAM output. The upgrade will enable SK Hynix to maintain its market share amid global semiconductor competition despite US restrictions, according to the Chinese media outlet Global Times. Last week, SK Hynix’s president, Kwak Noh-Jung, mentioned during CES 2024 that the company last year created an internal group to address geopolitical issues and develop ways to mitigate business risks. [Global Times, in Chinese]

Correction: an earlier version of this article misidentified the 10nm class chip process as the 10nm chip process.