SK hynix likely to get nod for Key Foundry deal soon Deals likely to get regulatory approval from China soon
Translated by Kim So-in 공개 2021-12-20 07:56:32
이 기사는 2021년 12월 20일 07:51 thebell 에 표출된 기사입니다.
South Korea’s SK hynix is nearing the completion of its acquisitions of Intel’s NAND flash memory business and the country's leading foundry chip manufacturer Key Foundry as the deals are expected to get antitrust approval from China as early as January 2022.SK hynix filed for approval of the announced business combination with Key Foundry in the U.S., China, and Taiwan through local law firm Kim & Chang, according to industry sources.
The most important factor in the business combination review is whether the combination would substantially restrain competition in that relevant market. SK hynix runs foundry business through SK hynix System IC, but the transaction won’t likely to be subject to competition restriction as a combined market share of its subsidiary and Key Foundry is in a 1% range.
The acquisition would double SK hynix’s foundry production capacity to around 200,000 sheets of wafers per month. According to research firm TrendForce, DB HiTek, which produces 140,000 wafers per month, ranked 10th with a 1% share of the global foundry market. Taiwan's Vanguard International Semiconductor was in the eighth place with a market share in a 1% range, with a monthly capacity of about 240,000 wafers. SK hynix won’t likely exceed 1% market share in the short term even after the acquisition of Key Foundry.
The chipmaker may benefit from a simplified approval process as the business combination is not presumed to have any restrictions on competition. In this case, final results may be announced as early as the end of January.
SK hynix’s acquisition of Intel’s NAND memory business is expected to get antitrust approval in China this week. The chipmaker aims to close the deal before the end of this year.
The transaction already received unconditional approval from seven countries including the U.S. and the EU. (Reporting by Hye-ran Kim)
< 저작권자 ⓒ 자본시장 미디어 'thebell', 무단 전재, 재배포 및 AI학습 이용 금지 >
관련기사
best clicks
최신뉴스 in 전체기사
-
- 시프트업 상장 예심 통과…공모구조 '신주 100%'
- '돈버는 바이오' 아이빔테크놀로지, 7개월만에 상장예심 통과
- 점점 느슨해지는 넷마블·하이브 '지분 동맹'
- 씨지피머트리얼즈, '세종캠퍼스 신공장 기공식' 개최
- 트루윈, '엣지파운드리'로 사명 변경 "AI 강화"
- '어닝 서프라이즈' 실리콘투, 중동·남미 확장 잰걸음
- 다이나믹디자인, 고부가 제품 덕 1분기 '흑자 전환'
- [정육각은 지금]'흑기사' 캡스톤·에이티넘의 지원, 급한 불 껐다
- [thebell interview/LLC형 VC 톺아보기]김중완 비하이인베 대표 "우보천리 철학 이어갈 것"
- [Red & Blue]톱티어 VC LB인베, UAE 10억달러 업고 주가 ‘훨훨’