[Concall] SK Hynix "Sufficient Capacity to Secure Funds for Intel NAND Business Acquisition"

[Asia Economy Reporter Ki-min Lee] SK Hynix stated on the 4th during the Q3 earnings conference call, "Regarding the funds for acquiring Intel's NAND business, we can consider raising funds by utilizing the Kioxia shares held by the company," adding, "However, the investment in Kioxia was made with several mid- to long-term strategic purposes, so there is no urgent reason to quickly dispose of it solely for the purpose of raising funds for the Intel NAND business acquisition. We have sufficient capacity to secure acquisition funds without utilizing this."

Earlier, SK Hynix CEO Seok-hee Lee explained regarding the Intel acquisition, "The total acquisition price is $9 billion, and at the first closing, $7 billion will be paid in cash," adding, "About half of the acquisition price will be covered by cash equivalents held and future operating cash flows, and for the remaining amount, we plan to consider external financing such as borrowing and, if necessary, asset securitization plans."

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