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Kioxia Rejects Closer SK Hynix Tie-Up Over Antitrust Hurdles

SK Hynix logoSK Hynix
Sig1.98Sen-0.75Env0.00Soc0.00Gov-0.71

Kioxia’s CEO says closer manufacturing ties with SK Hynix would face antitrust hurdles and are hard to reconcile with Kioxia’s jointly-owned production facilities with SanDisk. While SK chairman Chey Tae-won had floated such a tie-up, the firms are not in talks. Memory shortages are pushing prices up as Kioxia and SanDisk plan large capacity spending.

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