SEOUL -- Hynix Semiconductor Inc. decided to close its sole U.S. factory, a step that will eliminate 1,100 jobs, saying its equipment has become outmoded and the facility is too costly to update.
The move comes a few weeks after Hynix Semiconductor learned that tariffs the U.S. government has imposed on it might end next year. The plant in Eugene, Ore., had avoided these tariffs, which applied only to its factories in South Korea.
Company officials said the decision to close the factory was unrelated to the longtime trade dispute. "This is a pure business decision to increase our competitiveness," ...
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