SK Hynix reportedly seeking to acquire stake in Toshiba's chip business

Korea's number two chipmaker is reportedly seeking to acquire a stake in Toshiba.
According to industry sources...
SK Hynix submitted an initial bid worth somewhere between one-point-seven billion and two-point-six
billion U.S. dollars.
In January, Toshiba announced it was planning to sell a 20 percent stake in its chip operations
business for as much as 300 billion yen,... or roughly two-point-seven billion dollars...
to raise funds.
The Korean chipmaker would gain a competitive advantage in the NAND flash market if it wins
the bid.
Korea Exchange requested the tech firm disclose details including the companies its bidding
against.

SK Hynix reportedly seeking to acquire stake in Toshiba's chip business

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