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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

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May 14 2024 7:33 am V22.4.46-2
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