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Reuters
SK Hynix CEO says top shareholder to secure $1.6 billion for M&A in chips, blockchain
The CEO of South Korean chipmaker SK Hynix said on Monday that its largest shareholder, SK Square, is considering merger and acquisition deals involving chip companies. “We are considering investment in companies ranging from those that are big in scale to those that are small,” Co-CEO of SK Hynix Park Jung-ho, who is also CEO of SK Square, said at the latter’s annual shareholders meeting. SK Square, which owns 20.1% of SK Hynix, plans to secure 2 trillion won ($1.63 billion) or more of its own for investments over the next three years, as well as establish a joint investment base with domestic and foreign investors, to invest intensively in areas such as chips and blockchain.
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