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Toshiba Taps SK Hynix’s Consortium as Preferred Bidder

Toshiba Taps SK Hynix’s Consortium as Preferred Bidder

SEOUL, June 21 (Korea Bizwire) – A global consortium including South Korea’s SK hyinx Inc. was tapped as the preferred bidder for the sale of the memory arm of Japanese tech giant Toshiba Corp., industry sources said Wednesday. Toshiba earlier put its stake in its memory operations up for sale as it struggles with losses from its nuclear power business in the United States. The consortium, also including Japanese players and U.S. Bain Capital, [...]

Seoul Stocks End Higher Despite Foreign Selling

Seoul Stocks End Higher Despite Foreign Selling

SEOUL, May 31 (Korea Bizwire) – South Korean stocks closed higher on Wednesday to snap a two-day losing streak as institutional buyers scooped up medical and telecoms shares offsetting a massive selling spree by foreigners following overnight Wall Street losses, analysts said. The Korean won rose against the U.S. dollar. The benchmark Korea Composite Stock [...]

SK Hynix Bids for 20 Pct Stake in Toshiba’s Memory Chip Business

SK Hynix Bids for 20 Pct Stake in Toshiba’s Memory Chip Business

SEOUL, Feb. 7 (Korea Bizwire) – SK hynix Inc., the world’s second-largest maker of computer memory chips, has submitted a bid to acquire a 20 percent stake in Toshiba Corp.’s memory chip business, an industry source said Tuesday.  The bid is aimed at strengthening SK hynix’s NAND flash memory business as global demand for flash [...]

Chipmakers Race to Expand Production Capacity as Demand Rebounds

Chipmakers Race to Expand Production Capacity as Demand Rebounds

SEOUL, Dec. 28 (Korea Bizwire) – Global chipmakers are racing to boost their production capacity of NAND flash memory chips used in mobile devices, driven by a rebound in demand for smartphones and data-storage devices.  After volatile price swings in recent years, semiconductor manufacturers are expected to benefit from a global upswing in prices for [...]