UPDATED: Chinese Conditions on SK Hynix-Intel Deal Demands CFIUS Re-Review
This is an updated version of a previous post found here. Stipulation to “Help a Third Party Competitor” Enter the Market Requires New Investigation Thousands of words have been spilled by China Tech Threat and our allies demonstrating that semiconductor design and manufacture are among the U.S.’ most important strategic assets. The National Counterintelligence and Security Center recently reaffirmed this by identifying semiconductors as one of five “technologies that may determine whether America remains the world’s leading superpower or is eclipsed by strategic competitors in the next few years.” (See the NCSC fact sheet here.) Accordingly, no one was surprised when CFIUS reviewed the sale of Intel’s NAND memory and storage unit to South Korean-based SK Hynix. As you will… Read More