SK hynix CEO says CHIPS Act red tape may be too sticky to bother

The co-CEO of South Korean chipmaker SK hynix has taken a swipe at the US CHIPS Act subsidy program, labeling the process to apply for funding overly onerous. The biz's parent SK Group plans to spend $22 billion on semiconductor and battery manufacturing facilities in the United States. That's just the sort of investment …

[Anonymous Coward]

"We're a major multinational multibillion dollar corporation, but we can't be bothered filling out paperwork, so we'd like to lobby to have the law changed to suit us instead." - SK Hynix