"Potential $3 Billion Deal: SK hynix Considers Selling Stake in Chongqing Packaging Plant"

Bloomberg, Citing Sources, Reports on Potential Sale
"If Successful, Stake Sale Could Be Worth Around $3 Billion"

Bloomberg News reported on the 7th (local time) that SK hynix is considering the sale of its stake in its semiconductor packaging plant in Chongqing, China.

Bloomberg, citing sources, stated that SK hynix is discussing various options regarding the Chongqing plant with advisory firms. If the stake sale goes through, the value could reach 3 billion dollars (approximately 4 trillion won).

Yonhap News Agency

The sources added that, as these discussions are still in the early stages, they may not lead to an actual transaction.

Potential buyers reportedly include Chinese funds and local semiconductor companies. There is also a possibility that SK hynix could retain a minority stake.

According to Bloomberg, SK hynix declined to comment on the matter.

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