SK Hynix said to mull options for US$3 billion Chongqing plant
A potential stake sale may value the facility at about US$3 billion
SK Hynix, the South Korean key supplier of high-bandwidth memory chips to Nvidia, is reportedly considering options for its Chongqing, China-based facility. This could include a potential stake sale valued at about US$3 billion, according to people with knowledge of the matter. The company has been operating in China for over 20 years, starting with a partnership with the eastern city of Wuxi to build its first major overseas wafer manufacturing plant.
The Chongqing facility serves as a significant semiconductor packaging and testing base, contributing to SK Hynix's Nand flash back-end production and global growth. Potential suitors for the facility may include Chinese funds and industry players, with SK Hynix itself retaining a minority stake in the asset, according to the sources.
However, deliberations are still preliminary and may not result in any transaction. A SK Hynix representative declined to comment on the matter.
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