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SK hynix to Invest 4 Trillion Won in Consortium for Toshiba’s Memory Arm Takeover

SK hynix to Invest 4 Trillion Won in Consortium for Toshiba’s Memory Arm Takeover

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 [...]

SK Hynix Banks on Toshiba Purchase for NAND Memory Technology

SK Hynix Banks on Toshiba Purchase for NAND Memory Technology

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 [...]

SK Hynix Denies Reports of Alleged Legal Action Against Toshiba

SK Hynix Denies Reports of Alleged Legal Action Against Toshiba

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 [...]

SK Hynix Reportedly Considering Legal Action Against Toshiba After Snub

SK Hynix Reportedly Considering Legal Action Against Toshiba After Snub

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 [...]

SK Hynix Keeps Low Profile Amid Toshiba Voting Rights Speculation

SK Hynix Keeps Low Profile Amid Toshiba Voting Rights Speculation

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 [...]

Head of SK Says Toshiba Deal is ‘Not Finished’

Head of SK Says Toshiba Deal is ‘Not Finished’

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 [...]

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, [...]