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Market Chatter: SK Hynix Seeks to Deepen Japan Flash Memory Partnerships; No Fixed Plans for Kioxia

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SK hynix (KRX:000660) is exploring further cooperation with Japanese customers and suppliers, particularly in the NAND flash market, Bloomberg News reported on Thursday, citing CEO Kwak Noh-Jung.

The company has no fixed plans for its indirect Kioxia (TYO:285A) stake, the news wire said, citing Kwak after the groundbreaking of its $4 billion Indiana plant.

SK Hynix, the world's second-largest memory chipmaker, holds an indirect stake in Kioxia through its investment in Bain Capital's consortium that acquired the company from Toshiba in 2018.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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