SK Hynix Denies Approaching SoftBank for Kioxia Merger


Summary: SK Hynix, the second-largest memory chip maker, refutes reports that it sought collaboration with SoftBank for the possible merger of Kioxia and Western Digital.

SK Hynix has denied reports claiming that it approached SoftBank for a partnership regarding the potential merger between memory chip makers Kioxia and Western Digital. The company clarified that it did not seek collaboration with SoftBank for the Kioxia-Western Digital deal. Earlier, a Nikkei report suggested that SK Hynix expressed interest in partnering with SoftBank if the merger were to fall through. Kioxia and Western Digital are exploring a merger to address challenges posed by a chip glut and weak demand for flash memory chips.

Tags: SK Hynix, SoftBank, Kioxia, merger, memory chip, Western Digital