April 19, 2024

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[THE INVESTOR] Korean chipmaker SK hynix said on July 25 that its investment plan this year will remain intact regardless of the ongoing acquisition deal of Japanese chip manufacturer Toshiba’s memory chip unit.

“No one knows the results of the Toshiba deal, and no matter what the capex plan for NAND flash chips, especially 3-D NAND flash, will not change,” an executive from the Korean firm said during a conference call in the morning.

Related: 
SK hynix posts record earnings in Q2


The Korean chip company joined, reportedly as a loan provider, a consortium led by Bain Capital, state-backed fund Innovation Network of Japan and Development Bank of Japan, to take over the Toshiba division.

The group, which was picked as the preferred bidder for the deal on June 21, reached an impasse as Toshiba, as well as its US chip business partner Western Digital, opposed the possible stake acquisition by the Korean chip company.

US chip company WD has filed a lawsuit with a court in San Francisco to block the sale of the Toshiba unit, claiming the acquisition deal violates the terms of a joint venture contract with the Japanese company.

By Kim Young-won (wone0102@heraldcorp.com)