It has been found on December 20 that SK Hynix is planning to establish a joint venture with a Chinese company to strengthen its foundry business.
"SK Hynix will hold a board meeting today and discuss issues about establishing a joint venture in China and constructing a plant," an industry watcher said.
The joint venture company is expected to receive 50 to 50 investments from a Chinese company and SK Hynix System IC, SK Hynix’s foundry business unit, which SK Hynix launched in July as a wholly owned subsidiary.
It is said that SK Hynix is planning to further strengthen its system semiconductor business with the foundation of a joint venture in China as momentum following its establishment of foundry subsidiary in Korea and expand its business into various system semiconductor fields based on the joint venture.
In the meantime, an SK Hynix official said, "A plan to establish a foundry joint venture mentioned by some people cannot be confirmed at present."