Hynix to Shutter U.S. Factory

SEOUL – A South Korean semiconductor company 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 just after the company, Hynix Semiconductor Inc., learned that tariffs the U.S. government has imposed on it may end next year. The Eugene, Oregon plant had avoided these tariffs, which only applied to the company's factories in South Korea. Company officials said the decision to close the factory was unrelated to the longtime trade dispute. "This is a... [read full story]