SK Hynix is reportedly considering the sale of shares in its semiconductor packaging (back-end process) facility located in Chongqing, China, as reported by international media. Analysts estimate that the factory might be worth around 3 billion dollars (approximately 4 trillion South Korean won) if the share sale goes through. SK Hynix stated, “No decisions have been made yet.”
Bloomberg News stated on the 7th (local time), referencing several sources, that SK Hynix is exploring different possibilities, including the sale of equity in its Chongqing packaging facility, with financial advisors. It is reported that Chinese investment funds and regional semiconductor firms could be possible buyers. The report mentioned that SK Hynix may keep a small ownership portion if an agreement is reached.
Nevertheless, Bloomberg mentioned that the talks are at an initial phase and might not result in a real deal. SK Hynix also commented on the report, saying, “Although we are examining different strategies to enhance our business competitiveness, nothing has been finalized.”
The Chongqing facility serves as a crucial center for SK Hynix’s semiconductor post-production processes in China. It manages packaging, which involves assembling semiconductor chips into final products, and testing to ensure their performance, supporting SK Hynix’s NAND flash post-manufacturing operations.
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