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SK Hynix says it bid for a stake in Toshiba's memory business
February 7, 2017 / 7:02 AM / 10 months ago

SK Hynix says it bid for a stake in Toshiba's memory business

SEOUL (Reuters) - South Korean chipmaker SK Hynix Inc (000660.KS) said on Tuesday it submitted a non-binding bid last week for a stake in Toshiba Corp’s (6502.T) memory chip business, as the firm seeks to boost its NAND flash chip competitiveness.

    SK Hynix, in a regulatory filing, said it has not decided on whether to submit a final bid and did not offer details including how big a stake it seeks. The Japanese firm, the world’s No. 2 NAND chipmaker, seeks to sell a minority stake of less than 20 percent in the memory business.

    Reporting by Se Young Lee

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