SK hynix will get nod to accumulate Key Foundry

SEOUL: South Korea’s antitrust regulator has determined to approve the deal by the nation’s main chipmaker SK hynix Inc to purchase an area foundry agency, Key Foundry, in line with Yonhap.

In October, SK hynix mentioned it inked a deal to accumulate a 100% stake within the eight-inch wafer foundry producer for 575.8 billion received (US$474.85mil or RM2bil) in a transfer to spice up its presence within the non-memory sector.

The Honest Commerce Fee (FTC) mentioned it has permitted the deal, because the takeover shouldn’t be anticipated to hamper competitors available in the market.

Key Foundry makes chips for energy administration, show drivers and microcontroller unit semiconductors.

SK hynix runs a foundry enterprise by way of its affiliate SK hynix system IC, which has the same manufacturing capability to that of Key Foundry.

If mixed, their market share within the overlapped enterprise discipline would come to round 5% of the home market and about 1% within the world market, making the acquisition unlikely to trigger considerations over the doable undermining of market competitors, the FTC mentioned. — The Korea Herald/ANN


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