SK Hynix weighs stake sale in Chongqing chip plant at $3 billion
What's new: The review could bring in Chinese funds or industry buyers as SK Hynix keeps a minority stake and expands capacity in South Korea.
SK Hynix is weighing options for its semiconductor facility in Chongqing, including a stake sale that could value the plant at about $3 billion. The South Korean memory-chip maker is speaking with prospective advisers as it reviews the business, with possible investors including Chinese funds and industry players. The company may keep a minority stake if a deal moves forward, though the talks are preliminary and may not result in a transaction. The Chongqing site handles packaging and testing for NAND flash products. The review comes a day after SK Hynix laid out a 54 trillion won, or about $38 billion, expansion in South Korea, including a new DRAM plant in Yongin and a NAND fab in Cheongju to meet AI-driven memory demand.