SK Hynix seeks talks to buy Korea-based chip contract manufacturer: Media

SEOUL: SK Hynix Inc, the world’s second-largest memory chip maker, has requestd talks to acquire South Korea-based Key Foundry, a chip contract manufacturer, a South Korean newspaper reported on Monday.

SK Hynix has expressed intention to negotiate for the full acquisition of the 8-inch wafer foundry, Korea Economic Daily reported on Monday citing unnamed sources in the tech and investment banking industries.

SK Hynix said that it is considering various measures to expand its foundry business, but nothing has been finalised. A spokesperson for Key Foundry could not be immediately reached.