"SK Hynix Considers Sale of Stake in Chongqing Packaging Plant"

SK Hynix is considering selling its stake in its semiconductor packaging (backend process) plant in Chongqing, China, Bloomberg reported on the 7th, local time.

According to sources, SK Hynix is discussing various options regarding the Chongqing plant with advisors.

If a stake sale goes through, its value could reach about 3 billion dollars, equivalent to approximately 4 trillion won, Bloomberg reported.

Potential buyers being discussed include Chinese funds and local semiconductor companies, and SK Hynix may also retain a minority stake.

However, the discussions are still in the early stages and may not lead to an actual deal, the sources added.

Bloomberg reported that SK Hynix declined to confirm the related matters.

The SK Hynix Chongqing plant, which began mass production in July 2014, serves as a backend processing hub in China responsible for NAND flash packaging and testing.

(Photo: Provided by SK Hynix, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.