The source said SK hynix's board of directors will hold a meeting to discuss the establishment of foundry joint venture plant in the future, SK hynix foundry joint venture plant will be mainly responsible for the semiconductor manufacturing plant for other companies to create chips.
People close to the matter said that System IC, a wholly-owned subsidiary of SK Hynix, will hold a 50% stake in a Chinese joint venture company, a foundry subsidiary of SK hynix, which was set up in July this year.Analysts believe that if SK hynix China foundry joint venture company can be successfully set up, it will further enhance SK hynix in the field of system-chip competitiveness.
It should be noted that the Chinese Ministry of Commerce has now started to evaluate Toshiba's sale of chip transactions to assess officials currently expressed concern about the role of SK hynix in the transaction.
In September, Bain Capital consortium formally signed a contract with Toshiba for the acquisition of Toshiba's chip business for $ 18 billion under which SK Hynix will fund the transaction through convertible claims, and in the future SK Hynix will receive a maximum of Toshiba chips Business 15% of the voting power.
Informed sources said antiterrorist officials from the Chinese Ministry of Commerce believe SK Hynix will have a substantial stake in the Toshiba chip business after sale in the future if the transaction is unconditionally approved, which may affect market competition.