On August 10, SK Hynix issued an announcement regarding market rumors about the potential sale of its Chongqing, China factory valued at 4 trillion Korean won, stating that the company is exploring various options to enhance the competitiveness of its packaging business, but no specific decisions have been made as of now. SK Hynix noted that if any relevant decisions are made in the future, it will disclose the information either on the day of the decision or within one month. Previously, repor

August 10, SK Hynix released an announcement regarding market rumors about the “sale of its Chongqing factory in China, valued at 4 trillion Korean won,” stating that the company is studying various options to enhance the competitiveness of its packaging business, but so far no specific decision has been made. SK Hynix indicated that if relevant matters are decided in the future, it will disclose them either on the date of decision or within a month thereafter. Previously, reports had stated that insiders revealed South Korea’s SK Hynix is considering multiple disposal plans for its Chongqing factory in China, including bringing in investors to accelerate business growth. The source said that a potential equity sale could value the factory at around $3 billion (about 4.2 trillion Korean won). (Jiemian News).