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SK Hynix acquires chip contract manufacturer
SK Hynix has reportedly entered into a deal to acquire Key Foundry, a South Korea-based chip contract manufacturer, for close to half a billion dollar.
The companies have reportedly been in talk since the first half of the year, according to a Reuters report.
The deal – worth USD 492 million – will expand SK Hynix’s 8-inch wafer foundry capacity, according to the company. Key Foundry focuses on the manufacturing of chips such as power management, display drivers and microcontroller unit semiconductors.
SK Hynix already has a unit for contract manufacturing, named SK Hynix System IC. This acquisition would, however, double the chip maker’s current 8-inch capacity, the company stated
