This is the latest twist in the complex efforts to bring together Kioxia, the former memory division of Toshiba, with flash memory and storage outfit Western Digital, in a deal originally estimated to be worth more than $20 billion.which owns roughly 56 percent of Kioxia, and its approval is therefore said to be necessary for the merger to move forward.
SK hynix cannot disclose its specific reasons or comment on the deal process due to confidentiality agreements with Bain, he claimed, but added that it"will be making the decision for the sake of all stakeholders, not only the shareholders but also Kioxia as well."since 2021, when Kioxia was also planning an IPO that has since been put on hold because of the downturn in the semiconductor market.
SK hynix attributed the growth to increased shipments of both DRAM and NAND, plus a rise in the average selling price. DRAM shipments were up 20 percent on three months ago, thanks to strong sales of high-performance products for server applications such as AI, and the average selling price growing by 10 percent.
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