SEOUL, March 29 (Reuters) - South Korean chipmaker SK Hynix Inc is in talks with Japanese financial investors about forming a consortium and jointly bidding for Toshiba’s memory chip business, Korea Economic Daily reported on Wednesday citing unnamed sources.
The paper said SK Hynix, the world’s No. 2 memory chip maker behind Samsung Electronics Co Ltd, plans to submit a preliminary bid for the Toshiba chip business on Wednesday. The Japanese firm put up the business for sale in response to a $6.3 billion writedown expected from exposure to its U.S. nuclear unit Westinghouse.
An SK Hynix spokesman declined to comment on the report.
Reporting by Se Young Lee; Editing by Stephen Coates