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...SK Hynix currently produces its HBM chips in South Korea....
...Samsung and SK operate their own memory chip plants in China, which account for about half of their production capacity....
...“This is the first time that SK Hynix is ahead of Samsung in the memory technology race,” said Kim of Macquarie. “SK Hynix bet on HBM chips early on and it worked out well.”...
...The Biden administration in October gave Samsung Electronics and SK Hynix, two of the world’s leading producers of memory chips, a one-year reprieve from export controls designed to reduce China’s ability...
...SK Hynix said it had not received a request from the South Korean government. Micron declined to comment....
...In 2019, it launched $200 helicopter rides in the US for trips between Manhattan and JFK airport under the brand Uber Copter, which was essentially an air charter broker....
...SK Hynix is also developing an HBM4 chip that is expected to double processing speeds....
...Last month, Chey Tae-won, chair of SK Hynix parent SK Group, held a virtual meeting with the US president to announce $22bn in semiconductor, electric vehicle battery and green technology investments in...
...Glencore already has cobalt offtake agreements with battery makers SK Innovation and Samsung SDI, and carmakers BMW and General Motors....
...“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.”...
...For now, just one company, SK Hynix, is able to mass produce the latest generation HBM3 products, the ones used in today’s AI chips....
...The approval of SK Hynix and other investors in the consortium was needed for the deal to go through....
...SK Hynix was part of the Bain-led consortium that acquired Toshiba’s semiconductor unit, which was renamed Kioxia, for $18bn in 2018....
...In 2022, it sold one of those holdings, TES, a battery recycling group, to South Korea’s SK ecoplant for $1bn....
...noncompete contracts (Nikkei Asia) MPs challenge government claims China cyber attack was unsuccessful (FT) Indonesia nickel concerns stoked by corruption and land disputes (Nikkei Asia) South Korea’s SK...
...That leaves South Korean battery maker SK On’s joint venture with Chinese partners caught in the crossfire....
...Mikie Sherrill, a retired US navy helicopter pilot and Democratic lawmaker on the House China committee, said this week that Congress needed to ignore the political implications of dealing with the hugely...
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...spend up to $2bn on India car, battery plant (Nikkei Asia) Chinese companies resort to repurposing Nvidia gaming chips for AI (FT) Baidu’s bet on AI could make or break China’s fallen tech group (FT) SK...
...In 2003, the Chinese company acquired Hyundai Display Technology, then a subsidiary of the Korean SK Group conglomerate....
...UK-based Meatless Farm laid off its staff in June and appointed administrators after its big shareholder SK Inc, the investment arm of South Korean conglomerate SK Group, pulled funding....
...Samsung and SK Hynix declined to comment on the issue....
...Samsung produces about 40 per cent of its Nand flash memory chips from its Xian plant, while SK Hynix’s plant in Wuxi in eastern China accounts for nearly half of its global D-Ram output....
...Hynix was rebranded SK Hynix in 2012 after it was taken over by the SK Group, another Korean conglomerate....
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