February 7, 2017 / 7:35 AM / 9 months ago

SK Hynix says it bid for a stake in Toshiba's memory business

SEOUL (Reuters) - South Korean chipmaker SK Hynix Inc said on Tuesday it submitted a non-binding bid last week for a stake in Toshiba Corp’s memory chip business, as the firm seeks to boost its NAND flash chip competitiveness.

SK Hynix Inc's DRAM modules are seen in this picture illustration taken at the company's main office building in Seoul October 24, 2012. REUTERS/Kim Hong-Ji/File Photo

SK Hynix, in a regulatory filing, said it has not decided on whether to submit a final bid and did not offer details including how big a stake it seeks. The Japanese firm, the world’s No. 2 NAND chipmaker, seeks to sell a minority stake of less than 20 percent in the memory business.

Reporting by Se Young Lee

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