SK hynix gets nod to acquire Key Foundry

SEOUL: South Korea’s antitrust regulator has decided to approve the deal by the country’s major chipmaker SK hynix Inc to buy a local foundry firm, Key Foundry, according to Yonhap.

In October, SK hynix said it inked a deal to acquire a 100% stake in the eight-inch wafer foundry manufacturer for 575.8 billion won (US$474.85mil or RM2bil) in a move to boost its presence in the non-memory sector.