| S Korea's chip maker to sell production line to China |
SEOUL, Aug. 3 (Xinhua) -- Hynix Semiconductor Inc., the world's second-largest computer memory chip maker, announced Friday that it has signed a memorandum of understanding to sell its chip-making production line to SMC Technologies Corp. (CSMC) of China, South Korea's Yonhap News Agency reported.
Kim Ah-young, a spokeswoman of Hynix, said the company's Chinese unit recently signed the preliminary deal with CSMC to sell the production line, which produces wafers measuring 8 inches in diameter.
Earlier in the day, local media reported that Hynix may sell the chip production line to CSMC for about 400 million U.S. dollars by the end of this year.
Hynix, which is competing with bigger rival Samsung Electronics Co. of South Korea, is shifting its focus on adding production facilities for profitable NAND chips, used in digital cameras and other portable gadgets.
|
|
