SEOUL (Reuters) - South Korean memory chip maker SK Hynix Inc (000660.KS) said on Monday it has received information from Toshiba Corp (6502.T) about new plans for the Japanese firm’s plan to sell a stake in its memory chip business.
SK Hynix in February submitted a bid for a minority stake in Toshiba’s memory chip business, the world’s No. 2 maker of NAND chips used for long-term data storage.
Toshiba later decided to sell most of the chip business and wants to raise at least 1 trillion yen ($8.79 billion) amid mounting financial pressure from troubles at its Westinghouse nuclear unit, a source previously told Reuters.
SK Hynix said it will make another disclosure when it decides on whether to submit a final offer, without elaborating.
Reporting by Se Young Lee