Largest shareholder SK Hynix ready to commit 16 billion to

Largest shareholder SK Hynix ready to commit $1.6 billion to buy semiconductor companies and assets

The failure of NVIDIA’s deal to buy Arm has somewhat disrupted the consolidation trend in the semiconductor industry, but AMD’s acquisition of Xilinx has partially offset this. As it turns out, SK hynix’s largest shareholder is willing to commit at least $1.63 billion over the next three years to purchase new assets related to the production of semiconductor products.

    Image source: SKhynix

Image source: SKhynix

According to information Reuters, Korean investment firm SK Square, which owns a 20.1% stake in SK hynix, has informed shareholders of its intention to invest at least $1.63 billion in development or production M&A over the next three years of semiconductor components, as well as the purchase of assets, either or otherwise related to distributed ledger technology (aka blockchain). SK Square is willing to invest in these areas with the support of Korean and foreign partners.

SK Square officials have been involved in several major SK Group conglomerate transactions over the past decade – buying Hynix in 2012, acquiring a stake in Kioxia in 2017 for $3.21 billion, and buying out of Intel’s solid-state company storage business in 2020 for $ 9 billion Measured by the announced amount for the next three years, the upcoming transactions involving SK Square will be of a more modest scale, but the possibility of their co-financing involving partners should also are taken into account.


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Dylan Harris

Dylan Harris is fascinated by tests and reviews of computer hardware.

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