NEW YORK, Sept. 28 (Korea Bizwire) — The chief of South Korean conglomerate SK Group said Thursday its chipmaking unit’s participation in a deal to acquire Toshiba Corp.’s memory business still has many hurdles to clear, adding he will keep the company on its toes until the deal is finalized. Japanese tech giant Toshiba signed [...]
SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s No. 2 chipmaker SK hynixInc. said Wednesday its board of directors approved a plan to inject 4trillion won (US$3.5 billion) in a consortium to buy Japan’s Toshiba Corp.’s memory arm. The investment can allow the SK hynix to secure up to 15 percent stake in the Japanese firm’s memory unit. The Bain Capital-led consortium is in talks with Toshiba to finalize the deal estimated at 2 trillon yen ($18 billion). In a statement, SK hynix, a member of the consortium, said its participation in the [...]
SEOUL, Sept. 20 (Korea Bizwire) – As Toshiba seems to have finally decided to sell its chip-making unit to a group including SK Hynix, attention is being paid to the motivation behind the South Korean chipmaker’s months-long battle to reach a deal with the Japanese conglomerate’s troubled memory business. After months of back and forth, Reuters [...]
SEOUL, Sep. 28 (Korea Bizwire) – Despite earlier reports, SK Hynix officials have denied speculation that the South Korean memory chip maker is considering taking legal action against Toshiba as the Japanese conglomerate moves toward a deal with Western Digital, the South Korea media reported. Contrary to a number of reports in the South Korean [...]
SEOUL, Aug. 29 (Korea Bizwire) – SK Hynix is reportedly considering taking legal action against Toshiba after being rebuffed by the Japanese conglomerate during the auction process of a memory-chip unit without appropriate notice, according to sources close to the matter. Industry sources on Tuesday said SK Hynix, which was once considered among the most likely [...]
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 23 (Korea Bizwire) – SK Group Chairman Chey Tae-won said Friday its semiconductor arm’s move to join the acquisition of Toshiba Corp.’s chip business is “not finished,” hinting there are still challenges moving forward. The remark came as a global consortium including South Korea’s SK hyinx Inc. was tapped as the 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, 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, 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 [...]