Published in Memory

SK Hynix thinking of buying Toshiba's entire flash memory chip business

by on23 February 2017


Seen kicking the tires

SK Hynix is set to make a fresh bid for Toshiba's flash memory chip business, should the Japanese conglomerate offer more of it for sale..

For those who came in late, Toshiba is now thinking of flogging off its entire memory chip business to make up for huge loses in dodgy investments. It originally was thinking of only selling off part of the company but now it looks like it might have to off-load the lot. When part of the company was on the table, SK Hynix was named as interested.

Now the chief executive of the South Korean chipmaker said it would be interested in getting its paws on the entire company if it was offered.

SK Hynix said earlier that it had submitted a non-binding bid for a stake in the business on 3 February without specifying the size of the stake. It will consider a fresh bid should Toshiba make another offer, CEO Park Sung-wook told reporters on the sidelines of an industry event in Seoul.

SK Hynix trails in a NAND flash memory chip market led by Samsung Electronics and second-ranked Toshiba. This would give the company a chance to make a significant impact in the market. 

Last modified on 23 February 2017
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