SK hynix completed the first stage of its acquisition of Intel's NAND and solid-state drive (SSD) business, naming the acquired unit Solidgm.
The removal of the last regulatory hurdle for SK hynix Inc.'s acquisition of Intel Corp's non-volatile memory business will likely accelerate the chipmaker's plan to expand its presence and enhance competitiveness in the global NAND market.
A raft of promotions was announced by a number of SK companies as they focus on clean energy and overseas expansion.
Korean retail investors continue dumping shares in recent days in part to avoid heavy taxes on stock gains.
Korea's trade minister told his U.S. counterpart that her department’s request that chipmakers provide detailed information on semiconductor sales and inventories should be a one-off.
Samsung Electronics and SK hynix submitted filings on their semiconductor businesses requested by the U.S. Department of Commerce, but left out sensitive customer information.
SK hynix reported third quarter net profit of 3.3 trillion won ($2.8 billion), a 205.5 percent jump on year, on strong memory chip prices.
Semiconductor manufacturers are striving to develop technology for the reuse of wastewater sludge that is a byproduct of the chip manufacturing process.
Foreign investors continued to offload Korean stocks for the seventh consecutive trading day on Wednesday, with selling concentrated on semiconductor shares.
Shares of the world’s two largest memory-chip makers - Samsung Electronics and SK hynix –are declining as brokerages and market trackers anticipate declining dynamic random access memory (DRAM) prices.