South Korean chipmaker SK Hynix Inc. said Wednesday that it will invest 395 billion yen ($3.5 billion) toward the purchase of Toshiba Corp’s memory chip unit by a group of investors. The board at South Korea’s No. 2 semiconductor company approved…
South Korean chipmaker SK Hynix Inc. said Wednesday that it will invest 395 billion yen ($3.5 billion) toward the purchase of Toshiba Corp’s memory chip unit by a group of investors.
The board at South Korea’s No. 2 semiconductor company approved the decision, which will help the South Korean chipmaker advance in a segment known as NAND flash memory chips.
SK Hynix is part of a group led by Bain Capital Private Equity that includes several Japanese and U. S. companies such as Apple, Dell, Kingston Technology and Seagate Technology.
SK Hynix disclosed other details about the deal, including how the U. S.-Japan-South Korea consortium will split the stake.
