SK Hynix weighs closer ties with Japan’s memory industry
The South Korean chipmaker doesn't have "any fixed plans" for its significant indirect stake in Kioxia Holdings, Chief Executive Officer Kwak Noh-jung says.
SK Hynix, the world's second-largest memory maker, is keen to deepen its cooperation with Japanese customers and suppliers in the memory industry, its CEO Kwak Noh-jung announced. The South Korean chipmaker is exploring ways to co-develop the Nand flash market with its partners in Japan. Kwak also mentioned that while SK Hynix does not have "any fixed plans" for its significant indirect stake in Kioxia, the company is committed to contributing to the development of Japan's semiconductor industry, similar to its efforts in Indiana.
SK Hynix is constructing a new US plant in West Lafayette, Indiana, investing over $4 billion, which will be its first high-bandwidth memory (HBM) packaging base in the US. The cleanroom is expected to open by October 2028, with mass production of next-generation HBM set to begin by the second half of 2029. HBM is crucial to Nvidia's AI acceleration systems, fueling SK Hynix's growth as South Korea's second most valuable company.
Kioxia, which specializes in Nand flash memory, holds a 14.19% stake in SK Hynix, making it the company's largest shareholder. SK Hynix could potentially expand its investments in the US, depending on locations that can provide reliable access to power, water, and skilled workers. The company is also reviewing the possibility of listing its US Nand subsidiary, Solidigm, which is considering various measures to strengthen its competitiveness following reports of a potential pre-IPO fundraising.
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