SK hynix to Buy Local Foundry Firm for 576 bln Won

SEOUL, Oct. 29 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, said Friday it signed a deal to buy a local chip contract manufacturer for 575.68 billion won (US$492 million), as part of efforts to enhance its presence in the non-memory sector. SK hynix said the acquisition of Key Foundry, the 8-inch wafer [...]