dalian

SK Hynix has restarted the construction of its second NAND flash memory factory in Dalian, expecting to increase the monthly production capacity in the region by about 50%. The new production line is designed for a monthly capacity of approximately 50,000 wafers, combined with the existing Dalian Plant 1's monthly capacity of 100,000 wafers, bringing SK Hynix's total NAND production capacity in China to about 150,000 wafers per month. The factory began construction four years ago but was paused due to the downturn in the memory chip market and U.S. export restrictions on equipment to China, having only completed the structural framework.The investment in Dalian Plant 2 is driven by SK Hynix's NAND subsidiary Solidigm, with equipment installation expected to start as early as November this year, and plans to establish a mass production system in the first half of next year. Driven by the expansion of AI data centers, demand for enterprise-level SSDs has surged, with NAND prices rising nearly tenfold compared to a year ago, prompting the restart of investments. SK Hynix will adopt a dual-track strategy: the Dalian factory will use Intel's mature floating gate architecture to produce NAND at the hundred-layer level, while domestic factories like Cheongju M17 will focus on advanced NAND production of over 300 layers, the latter having announced an investment of 19.1 trillion won. Industry insiders expect that the equipment configuration of Dalian Plant 2 will be similar to that of Plant 1, maintaining a monthly production capacity in the range of 40,000 to 60,000 wafers.

ChainCatcher news, according to a report by The Paper, from April 2015 to February 2021, the defendant Wang XX, in collusion with Xiang XX (who is at large) and others, successively registered and acquired multiple companies, fabricated a large number of businesses, and used the promise of nearly 100% annualized returns as bait to carry out illegal fundraising activities. Over nearly six years, Wang XX and others raised more than 21.4 billion yuan.To conceal and hide the source and nature of some of the criminal proceeds, on February 21, 2021, before and after fleeing, Wang XX entrusted his ex-wife to use more than 6.78 million yuan obtained from illegal fundraising to purchase over one million "virtual currencies," which were then transferred to his digital wallet account. After Wang XX was captured, the phone on which he installed the digital wallet app was legally confiscated.Later, his ex-wife registered an account on a "virtual currency" trading platform using someone else's identity information and transferred the "virtual currency" from the digital wallet account using the password that Wang XX had informed her of beforehand. After cashing out through trading, she withdrew the funds at the bank, transferring more than 6.52 million yuan in this manner. On December 31, 2021, the Dalian Municipal Procuratorate filed a public prosecution against Wang XX for suspected fundraising fraud and money laundering. (The Paper)

ChainCatcher news, the Dalian People's Procuratorate sent personnel to support the prosecution in the case against Wang XX, who is suspected of raising over 21.4 billion yuan in funds and his relatives using "virtual currency" to commit the crimes of fundraising fraud and money laundering.To conceal and hide the source and nature of part of the criminal proceeds, on February 21, 2021, before and after Wang XX fled, he entrusted his ex-wife Wang XX to use over 6.78 million yuan obtained from illegal fundraising to purchase over one million "virtual currency" and transferred it into his digital wallet account. After Wang XX was captured while fleeing abroad, the phone with the digital wallet app installed was lawfully seized by the investigative authorities. In May of the same year, with the cooperation of Wang XX's father Wang YY, mother Zhao ZZ, and others, Wang XX used someone else's identity information to register an account on a "virtual currency" trading platform website and transferred the "virtual currency" from the digital wallet account using the password previously provided by Wang XX, cashing out through trading and then withdrawing cash from the bank, thereby transferring over 6.52 million yuan in funds in the aforementioned manner. (source link)