The Korean chip giant has dismissed reports that Seoul, Tokyo and Washington have pressured it into approving the Kioxia-Western Digital merger.
SK hynix said it opposes to the merger of Kioxia and Western Digital’s memory chip operations, a stance that is expected to be a significant blow to the deal.
Kioxia and Western Digital's looming merger may threaten Korean chipmakers Samsung Electronics and SK hynix's lead in the flash memory market. “Joining forces would help them take on Samsung Electronics,” Bloomberg reported on July 14.
SK hynix, the world’s second largest memory chipmaker, is projected to lose money in the fourth quarter for the first time in a decade as demand falters for memory chips.
Korea JoongAng Daily Sitemap