SK Hynix considers $3 billion stake sale in China chip plant amid AI expansion
South Korea's SK Hynix is exploring strategic options for its Chongqing semiconductor facility, including a potential stake sale valued at around $3 billion, as AI demand drives a $38 billion capacity expansion in South Korea.
SK Hynix is weighing a stake sale in its Chongqing semiconductor facility that could fetch about $3 billion, according to a report. The potential deal is part of a strategic review of the Chinese asset as the company rides the AI boom, which is fueling demand for advanced memory chips.
Meanwhile, SK Hynix is pushing forward with a massive $38 billion investment to expand chip production capacity in South Korea. The move signals a shift in focus toward high-end memory, while possibly reducing exposure to legacy manufacturing operations in China.
No final decision has been made, and the discussions may not lead to a transaction.
Source: First Squawk