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TES Wins KRW21.2 Billion Chip Manufacturing Equipment Contract from SK Hynix; Sh Hynix Shares Decline 7%

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TES (KOSDAQ:095610) secured a semiconductor manufacturing equipment contract from chipmaker SK Hynix (KRX:000660), the South Korean manufacturer of chips, solar cell, and display equipment, said in a Friday filing with the Korea Exchange.

The contract, valued at 21.2 billion won, is valid until Jan. 15, 2027.

Shares of SK Hynix fell nearly 7% in recent trade.

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