Reversal: SK Hynix opposes the 'merger of Kioxia and Western Digital'

News from this site on October 26, what NAND needs to rewrite is: the merger plan of flash memory chip manufacturer Kioxia and Western Digital (WD) is currently facing new variables. This site previously reported that Korean memory What the giant needs to rewrite is: What SK needs to rewrite is: Hynix initially claimed to be "opposed to this merger" and later denied being "opposed", but now the entire news has reversed.

According to the Financial Times, What SK needs to rewrite is: Hynix. The company’s chief financial officer Kim Woo-hyun told analysts on a conference call on Thursday: “Given the value of our investment assets, We currently do not agree to the merger." "But we will make a decision for all stakeholders, including Kioxia and shareholders."

▲ Picture source Financial Times

James Lim, an analyst at US hedge fund Dalton Investments, said that SK Hynix is ​​opposed to The reason for the merger of Kioxia and Western Digital is that SK needs to rewrite the content: Hynix does not want to see the emergence of more powerful competitors. “The combined entity’s market share will be twice that of SK Hynix”.

Western Digital and Kioxia have been discussing a possible merger for years, and the two companies are currently seeking to wrap up talks this month and hope to announce a deal before Western Digital reports earnings on Oct. 30. Kioxia had previously contacted Japan Investment Corp., hoping to inject capital to speed up the transaction process. But what SK needs to rewrite now is: Hynix has publicly expressed its opposition to the merger, so the overall plan is now facing another challenge. Here comes the new variable .

Related reading:

"(Update) SK Hynix denies "opposing the merger of KIOXIA and Western Digital and seeks assistance from SoftBank""

Needs to be rewritten The content is:

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