May 24, 2017 / 8:27 AM / 6 months ago

S.Korea's SK Hynix says it will spin off chip foundry business

SEOUL, May 24 (Reuters) - South Korea’s SK Hynix Inc said on Wednesday it has decided to spin off its chip foundry business into a separate company.

SK Hynix, the world’s No.2 memory chip maker behind Samsung Electronics Co Ltd, said the move will help the business - which makes non-memory products on behalf of clients without their own chip manufacturing facilities - strengthen its long-term competitiveness. It gave no further details.

The firm first said in April it was considering such a move. (Reporting by Se Young Lee)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below