Tag: hynix
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SK Hynix says Solidigm suspends review of US IPO, citing market volatility
SEOUL, Oct 23 : South Korean chipmaker SK Hynix said on Friday that it had suspended its review of a US initial public offering for its Solidigm subsidiary, citing financial market volatility and share price trends.South Korea’s financial regulator said earlier this week that the listing could run afoul of t
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SK Hynix says Solidigm drops plan for US IPO amid market volatility
SEOUL, Oct 23 : South Korean chipmaker SK Hynix said on Friday that it decided against a US initial public offering for its Solidigm subsidiary, citing financial market volatility and recent share price trends.SK Hynix said in a statement it would continue to explore ways to fund Solidigm’s expansion and enha
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SK Hynix drops US IPO plan for Solidigm, newspaper reports
SEOUL, Oct 23 : South Korean chipmaker SK Hynix has decided not to pursue a US initial public offering of its subsidiary Solidigm, South Korean newspaper Korea Economic Daily reported on Friday, citing unnamed industry sources.SK Hynix did not have an immediate response to a request for comment. The ne
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South Korea’s SK Hynix union approves tentative wage deal with management
SEOUL, Sept 16 : SK Hynix’s South Korean union has approved a tentative wage agreement with management, the chipmaker said on Wednesday, ending weeks of uncertainty after workers narrowly rejected an earlier deal.The agreement is expected to formally conclude this year’s wage and collective bargaining negotia
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SK Hynix to start AI chip output in Indiana in 2029, sees memory shortage through 2030
WEST LAFAYETTE, Indiana, Aug 27 : South Korean chipmaker SK Hynix said on Thursday it plans to begin volume production of its next-generation HBM4E chips at its Indiana facility in the third quarter of 2029, as its chief executive said the company expects a current memory chip shortage to persist through the end of
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SK Hynix holds groundbreaking ceremony for $4 billion Indiana AI chip packaging facility
WEST LAFAYETTE, Indiana, Aug 27 : South Korean chipmaker SK Hynix on Thursday held a groundbreaking ceremony for an advanced packaging and research facility in Indiana worth more than $4 billion, expanding its U.S. footprint to meet growing demand for memory chips used in AI applications. The facility, at the
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SK Hynix workers to get 60% of this year’s bonuses in stock rather than all cash
SEOUL, Aug 20 : Chipmaker SK Hynix said on Thursday it has reached a tentative wage deal with its South Korean workers that will see them receive at least 60 per cent of this year’s bonuses in company stock rather than the all-cash payout they received last year.The AI boom has sent SK Hynix’s earnings…
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SK Hynix to pay 60% of employee bonuses in stock under preliminary deal, source says
SEOUL, Aug 20 : South Korean chipmaker SK Hynix has agreed to pay 60 per cent of this year’s employee bonuses in shares and the remaining 40 per cent in cash under a preliminary wage agreement, a person familiar with the matter said.The agreement is being discussed by union delegates, said the person, who was
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SK Hynix to buy back, cancel $29 billion worth of treasury shares
SEOUL, Aug 19 : SK Hynix said on Wednesday it would buy back and cancel 40 trillion won ($28.61 billion) worth of treasury shares and allocate more than 50 per cent of free cash flow generated between 2025 and 2027 to boost shareholder returns. The move comes amid growing pressure from investors for SK Hynix
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SK Hynix union finalising preliminary wage deal, source says
SEOUL, Aug 19 : SK Hynix’s South Korean labour union is finalising the wording of a tentative wage deal with management and will brief members on the terms Wednesday afternoon, a source familiar with the talks said. The two sides were making last-ditch efforts to iron out differences and conclude the deal, wh
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