Solidigm, SK hynix’s NAND subsidiary, was reported to be considering two NAND fabs built in phases at Marcy Nanocenter in Oneida County, New York. Seoul Economic Daily reported the proposal on November 3, 2026, and said SK hynix had made no final decision. The first proposed facility would target 100,000 12-inch wafers a month.
The proposed site and its scale
Marcy Nanocenter was described as the leading candidate site, with negotiations over investment terms still underway. The site covers 434 acres and has power and water infrastructure prepared for semiconductor manufacturing, according to Seoul Economic Daily. The reported acreage refers to Marcy Nanocenter, not a parcel assigned to Solidigm.
The New York proposal is separate from the SK hynix–Intel Ohio memory-production discussions covered in earlier NeoTeo reporting.
The reported investment figures
Seoul Economic Daily and TrendForce reported estimated costs of $40 billion to $50 billion per fab, with the two-fab proposal potentially reaching $100 billion. Dealsite separately reported a $45 billion investment plan under discussion with the U.S. Department of Commerce.
New York State was also reported to be considering up to $50 million for site preparation. That support was a possibility under consideration, not a finalized contribution.
Funding options under discussion
Dealsite reported that SK hynix suspended its review of Solidigm’s pre-IPO fundraising and IPO plans on October 23, 2026, citing capital-market conditions and share-price trends. The IPO had been one possible source of external funding.
Another reported option involves Kioxia-linked convertible bonds held through SPC2. Dealsite reported that SPC2 held a 14.17% stake in Kioxia at the end of March 2026, with a simple estimated value of about KRW 23 trillion. A sale could raise funds, but it could also forgo potential indirect voting influence after conversion and required procedures. Dealsite reported a restriction through 2028 on exceeding 15% of voting rights without Kioxia’s consent.
A separate possible source of funds could come from expanded NAND production at SK hynix’s Dalian plant. Reuters, as cited by TrendForce on November 4, reported that requests for U.S. export licenses for the expansion had not been approved at that time.
