Market Chatter: SK Hynix Seeks to Deepen Japan Flash Memory Partnerships; No Fixed Plans for Kioxia

MT Newswires Live08-28 10:35

SK hynix (KRX:000660) is exploring further cooperation with Japanese customers and suppliers, particularly in the NAND flash market, Bloomberg News reported on Thursday, citing CEO Kwak Noh-Jung.

The company has no fixed plans for its indirect Kioxia (TYO:285A) stake, the news wire said, citing Kwak after the groundbreaking of its $4 billion Indiana plant.

SK Hynix, the world's second-largest memory chipmaker, holds an indirect stake in Kioxia through its investment in Bain Capital's consortium that acquired the company from Toshiba in 2018.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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