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SEOUL (Reuters) - SK Hynix Inc, the world s second-largest memory chip maker, has requestd talks to acquire South Korea-based Key Foundry, a chip contract manufacturer, a South Korean newspaper reported on Monday.
SK Hynix has expressed intention to negotiate for the full acquisition of the 8-inch wafer foundry, Korea Economic Daily reported on Monday citing unnamed sources in the tech and investment banking industries.
SK Hynix said that it is considering various measures to expand its foundry business, but nothing has been finalised. A spokesperson for Key Foundry could not be immediately reached.
SK Hynix is already a minority investor in Key Foundry, having infused about 207 billion won ($181.93 million) into a private equity fund last year that owns the chip contract manufacturing firm, and now is interested in buying out the rest, Korea Economic Daily said.
SK HYNXI 144A GDR (HXSCL), MagnaChip Semiconductor Corporation (NYSE:MX) - SK Hynix In Talks To Acquire Korea s 8-Inch Chip Maker Key Foundry
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Hynix looking to buy Key Foundry
electronicsweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from electronicsweekly.com Daily Mail and Mail on Sunday newspapers.
[ANALYSIS] SK hynix unlikely to acquire GlobalFoundries
Posted : 2021-05-16 15:55
By Kim Yoo-chul
After its chief executive Park Jung-ho clarified that SK hynix plans to double the capacity of its foundry (contract-based chip fabrication), investors have been saying that the world s No. 2 memory chipmaker will soon try to invest in a foundry chip-making company.
SK has a very stable position in terms of profit-seeking in the global memory chip market, where it trails only market leader Samsung Electronics. The global memory chip market has already been rationalized with three major players, including Micron Technology of the U.S. Thus, it s unlikely that SK hynix will invest a billion dollars for the acquisition of a big-name company to bolster its profile in a sector it hasn t massively explored already.