Korean semi conductor giant steps up interest in British chip design firm

South Korean memory chip giant SK Hynix has expressed interest to take part in the acquisition of British semiconductor design company Arm, months after the SoftBank Group Corp-owned firm started preparing for an initial public offering when Nvidia Corp’s US$40 billion deal to buy it fell through.

SK Hynix, the world’s second-largest memory chip maker after Samsung Electronics, is considering to co-invest in a consortium that would acquire Arm, according to a report on Wednesday by daily newspaper The Korea Herald, which quoted SK Hynix co-chief executive Park Jung-ho.