SK Hynix sets up a wholly-owned subsidiary in Dalian to promote the acquisition of Intel NAND business

South Korea's Fair Trade Commission (KFTC) said on the 27th that it had approved SK Hynix to acquire Intel NAND business. Earlier, the deal had been approved by the United States and Europe. It is reported that SK Hynix recently set up a subsidiary in Dalian to further advance the acquisition.

According to enterprise investigation, Aisikai Hynix Semiconductor (Dalian) Co., Ltd. was officially established on May 13, with the legal representative of Jin Jiehan and a registered capital of 100 million won. Its business scope includes: integrated circuit chip design, manufacturing and sales. The company is 100% controlled by SK Hynix Co., Ltd.

Six countries, including China, Britain, Brazil and South Korea, will review the deal, South Korean media BusinessKorea reported. SK Hynix set up a subsidiary in Dalian to further advance the acquisition.

In January this year, SK Hynix and the Dalian Municipal people's Government formally signed a memorandum of understanding on cooperation by video to jointly promote SK Hynix's acquisition of Intel Dalian chip plant and follow-up new investment projects in Dalian.

Industry observers believe the agreement is about the expansion of Intel's plant. However, SK Hynix did not disclose the details of the project.