South Korea's No. 2 chipmaker SK hynix Inc., has no plan to retrieve its investment in Japanese semiconductor firm Kioxia Holdings Corp. amid speculation it may sell its stake to fund its acquisition of Intel Corp.'s NAND unit.
Last October, SK hynix signed a deal to buy Intel's non-memory unit for $9 billion.
US chipmakers Micron Technology Inc. and Western Digital Corp. are both seeking to acquire Kioxia to increase their presence in the NAND memory sector.
In 2017, SK hynix infused about 4 trillion won in a consortium to invest in Kioxia, then known as Toshiba Memory Corp. The consortium, led by US private equity firm Bain Capital, owns about half of Kioxia's stake.
Samsung Electronics Co. was the world's largest NAND vendor in the fourth quarter of 2020. It was trailed by No. 2 Kioxia, with Western Digital at No. 3, followed by SK hynix and Micron.
SK hynix CEO Lee Seok-hee also said that nothing has been determined in its negotiations with German auto parts giant Robert Bosch GmbH over a long-term supply of automotive memory chips


Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 



