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U.S. factory activity strengthened in October, with new orders and production supporting expansion. However, elevated input prices and slower supplier deliveries continued to create inflation risks despite stronger manufacturing demand.
SK Hynix reportedly links approval for exports to China for equipment to a proposed US NAND factory, while the company denies plans to expand capacity in Dalian.
SK Hynix is reportedly exploring options with Intel to manufacture memory chips in the US as demand for AI semiconductors grows.
Taiwanese semiconductor and technology companies will invest $250 billion in US chip manufacturing as part of a new trade deal aimed at strengthening domestic production and supply chains.
