Solidigm Calls Reports of a Possible Utica NAND Plant Speculation

Solidigm called reports of a possible NAND flash memory plant near Utica, New York, “speculation.” The company has not announced a New York facility, investment amount, construction schedule or job total.

Solidigm is a U.S. subsidiary of SK hynix. NAND flash memory is used to store data in devices and data centers.

In a separate statement on Sept. 18, Solidigm said it regularly evaluates strategic alternatives to improve long-term competitiveness and had not decided on a specific course of action. The statement did not identify a New York project.

SK hynix separately disclosed on Sept. 18 that it was reviewing measures that included additional production bases, but had not determined any specific matter. The filing followed reports of a possible facility in Japan and did not confirm a U.S. plant.

New York’s Green CHIPS program sets thresholds of at least 500 new jobs and $3 billion in qualified investment over a project’s first 10-year term, along with environmental requirements. Solidigm has not announced an application or incentive award.