SK hynix is reportedly considering selling equity in its semiconductor back-end processing plant in Chongqing, China.
Bloomberg News reported on the 7th (local time), citing multiple sources, that SK hynix is discussing options with advisers for handling equity in the Chongqing plant. If a sale materializes, the equity could be valued at about $3 billion (about 4 trillion won), according to projections.
Chinese investment funds and local semiconductor companies are being mentioned as potential buyers. Even if a transaction is concluded, SK hynix is also said to be considering a plan to retain some equity.
However, as the talks are in the early stages, neither the decision to sell nor the transaction method has been finalized, and there is a possibility the transaction may not happen. Bloomberg said SK hynix did not confirm the related reports.
The Chongqing plant, which began mass production in July 2014, is SK hynix's back-end production base in China and handles NAND flash packaging and testing.