SK Group Chairman Chey Tae-won announced that SK Hynix Inc. is considering joint production with Japan’s Kioxia Holdings Corp. The proposed partnership targets deeper cooperation in supply chain coordination and joint research and development. Chey identified the tie-up as a significant strategic option for the company’s memory chip division.
The chairman warned that SK Hynix may divest its interest if a manufacturing partnership fails to materialize. SK Hynix currently maintains a 15% stake in Kioxia through convertible bonds. These remarks likely serve to test the reactions of regulators and potential counterparties regarding a deeper alliance.
SK Hynix shares declined alongside other semiconductor stocks due to broader market volatility. Rising oil prices and global bond yields triggered a risk-off sentiment among investors. Geopolitical tensions continue to weigh on the sector's performance.