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...For most of last year, rival SK Hynix was the only company able to mass-produce the latest generation of HBM3 products, the ones that are used in Nvidia’s latest accelerators....
...This included a Merck agreement with Daiichi Sankyo worth up to $22bn, Pfizer’s $43bn acquisition of lossmaking Seagen and AbbVie’s $10.1bn acquisition of ImmunoGen....
...“SK Hynix doesn’t want to see a stronger competitor emerge,” said James Lim, an analyst at US hedge fund Dalton Investments. “The merged entity’s market share would be double that of SK Hynix.”...
...In 2003, the Chinese company acquired Hyundai Display Technology, then a subsidiary of the Korean SK Group conglomerate....
...Mergers and acquisitions have also finally started to pick up. The number of mega-takeovers worth at least $10bn more than doubled in the first quarter. That’ll surely be a boon for fees....
...Samsung has reduced output since April to join rivals such as SK Hynix and Micron Technology....
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...Barclays has hired Stephen Pick as head of mergers and acquisitions for Emea in London. He previously worked at UBS and Credit Suisse....
...It added that “if such an acquisition occurs, this would trigger an offer for all the shares of Naturgy”, a utility and major gas supplier with a market capitalisation of €21bn....
...The approval of SK Hynix and other investors in the consortium was needed for the deal to go through....
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