April 27, 2017 / 3:58 AM / 5 months ago

S.Korea's SK Hynix says considering spinning off foundry business

FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) - South Korea’s SK Hynix Inc said on Thursday it is considering spinning off its foundry business into a separate unit to strengthen its competitiveness.

The world’s second-biggest maker of memory chips, behind Samsung Electronics Co Ltd, said in a filing that although it is considering the spinoff, nothing has yet been decided.

Reporting by Joyce Lee; Editing by Randy Fabi

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