SK hynix CEO says CHIPS Act red tape is too sticky to bother
The co-CEO of South Korean chipmaker SK hynix has taken a swipe at the US CHIPS Act subsidy program, labelling the process to apply for funding overly onerous.in the United States. That's just the sort of investment the US wants as it strives to ensure that more of the silicon it needs is made onshore, rather than at the end of stretched and risky supply chains. The CHIPS Act is designed, in part, to promote such investments with some government cash.
Park offered that assessment even as he acknowledges that SK hynix's planned stateside investments are for semiconductorand therefore will require disclosure of less sensitive information.that the CHIPS Act's requirements for detailed disclosure of technical and financial information are not appreciated by the nation's chipmakers, who fear they'll have to reveal secrets to secure funding.
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