SEOUL, July 4 (Korea Bizwire) – South Korean chipmaker SK hynix Inc., which recently joined a global consortium to purchase Japan-based Toshiba Corp.’s memory business, on Tuesday declined to clarify whether the company can exercise voting rights in the newly purchased business. “The negotiations are still under progress, and details are open to change,” an [...]
SEOUL, June 29 (Korea Bizwire) – Electronics and semiconductors have led the latest stock market boom in Asia’s fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economic recovery. Stock prices of Samsung Electronics, SK hynix, and other electronics and semiconductor manufacturers rose 37.32 percent as of Tuesday from the [...]
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, 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 [...]
SEOUL, May 19 (Korea Bizwire) – South Korea’s chipmaker SK hynix is set to join the second bidding to take over the memory division of Japanese tech giant Toshiba Corp., industry sources said Friday. According to the sources, SK hynix has conducted a study on the acquisition under a request from Toshiba. The South Korean [...]
SEOUL, May 11 (Korea Bizwire) – South Korea’s No. 3 chipmaker SK hynix Inc. has emerged as the third-largest semiconductor manufacturer in the world in terms of sales, data showed Thursday, narrowing its gap with rival Samsung Electronics Co. According to the data compiled by industry tracker IC Insights, SK hynix posted sales of US$5.5 [...]
SEOUL, April 24 (Korea Bizwire) – SK Group Chairman Chey Tae-won headed for Japan on Monday, a visit seen to help the group’s efforts to take over the memory division of Japanese tech giant Toshiba Corp., industry sources said. Chey is widely expected to meet executives of Toshiba to discuss SK hynix Inc.’s intention to [...]
SEOUL, April 21 (Korea Bizwire) – SK Group Chairman Chey Tae-won again expressed his commitment to acquire Toshiba’s NAND flash memory unit, a bid that will further bolster the global presence of SK’s memory affiliate, SK Hynix. “There are a number of ways that we can cooperate with Toshiba, through actions that will benefit SK [...]
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 [...]
SEOUL, Jan. 9 (Korea Bizwire) – SK hynix Inc. has released a more advanced memory chip for smartphones that will offer higher data storage for mobile devices, company officials said Monday. The 8-gigabyte LPDDR4X chip boasts the “world’s highest density” and features faster data processing speed while consuming less electricity, SK hynix said in a [...]