SK Hynix balks at Western Digital-Kioxia reminiscence chip merger

TOKYO — South Korea’s SK Hynix, which holds an oblique stake in Japan’s Kioxia Holdings, is reluctant to again Kioxia’s merger with U.S. rival Western Digital’s reminiscence chip operations, Nikkei has discovered.

SK Hynix’s approval is important for the merger to maneuver ahead. As a backup plan, the South Korean firm has sounded out Japan’s SoftBank Group on a partnership in case the Kioxia-MD merger plan falls by means of. SoftBank is just not at the moment concerned within the merger talks.