SK Hynix "Acquires K-Fab Foundry"…Stock Purchased for 575.8 Billion KRW

by Kim Heungsoon

Published 29 Oct.2021 11:50(KST)

SK Hynix Headquarters in Icheon, Gyeonggi-do<br>[Image source=Yonhap News]

SK Hynix Headquarters in Icheon, Gyeonggi-do
[Image source=Yonhap News]

[Asia Economy Reporter Kim Heung-soon] SK Hynix announced on the 29th that it will acquire 8,296 shares of Kipa Foundry, a foundry and semiconductor manufacturing service company, for 575.8 billion KRW.

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After acquiring the shares, SK Hynix's stake in Kipa Foundry will become 100%. SK Hynix stated that the purpose of this acquisition is "to expand the company's existing 8-inch foundry production capacity and to secure Kipa Foundry's semiconductor production facilities and related patents."

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This content was produced with the assistance of AI translation services.