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The Korea Herald
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THE INVESTOR
March 29, 2024

Industrials

SK hynix collaborates with subcontractors for R&D

  • PUBLISHED :July 18, 2018 - 11:09
  • UPDATED :July 18, 2018 - 11:09
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[THE INVESTOR] SK hynix said on July 18 it will join forces with three of its subcontractors to carry out joint research and development projects as part of its efforts to seek shared growth.

The chipmaker said it will provide “comprehensive technological support” to MiCo, UBmaterials and TEMC for the next two years.

Under the project, SK hynix said it will allow the three Korean companies to test run their new solutions on its production lines. The chipmaker said it will also offer interest-free loans to help them conduct research and guarantee minimum purchases of their new achievements.

With the project marking the second of its kind, SK hynix said the first companies to receive support last year were successful.

SK hynix said it purchased production equipment from Adaptive Plasma Technology Corp. and AUROS Technology in the first half of 2018. Without citing a specific amount, the chipmaker said such deals will effectively replace “tens of billions of won” in terms of imports.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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