South Korea’s SK Hynix said it had completed the first phase of its acquisition of Intel’s NAND flash memory chip business, after it received regulatory nods from eight countries including China. In exchange, SK Hynix will pay $7 billion (roughly Rs. 52213.07 crore) out of the deal’s total $9 billion (roughly Rs. 67131.09 crore) price … Read more
Samsung Electronics and Micron Technology, two of the world’s largest memory chip makers, warned that a COVID-19 lockdown in the Chinese city of Xian could affect their chip manufacturing bases in the area. Micron said on Wednesday the lockdown could lead to delays in the supply of its DRAM memory chips, which are widely used in … Read more
SK Hynix, the world’s No.2 memory chip maker, said it expected inventory build-up by Huawei’s competitors in China to boost mobile demand in the current quarter, but its mainstay server demand would remain week. The South Korean company, which counts Apple and Huawei among its customers, said Chinese smartphone vendors were building up inventory to gain … Read more