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[{1 1}]

The Korea Fair Trade Commission (KFTC) said on the 27th that it has approved SK Hynix to acquire Intel's NAND business. Earlier, this transaction has been approved by the United States and Europe. It is reported that SK Hynix recently established a subsidiary in Dalian to further promote the acquisition.

According to the company's investigation, IXK Hynix Semiconductor (Dalian) Co., Ltd. was formally established on May 13th. The legal representative is Jin Chenghan and the registered capital is 100 million won. The business scope includes: integrated circuit chip design, manufacturing and sales, etc. . The company is 100% controlled by SK Hynix Co., Ltd.

Korean media BusinessKorea reported that six countries including China, the United Kingdom, Brazil and South Korea will review the transaction. SK Hynix established a subsidiary in Dalian to further promote the acquisition.

In January of this year, SK Hynix and the Dalian Municipal People's Government formally signed a memorandum of understanding on cooperation through video, to jointly promote SK Hynix's acquisition of Intel's Dalian chip factory and subsequent new investment projects in Dalian.

Industry observers believe that the agreement relates to the expansion of Intel's factory. However, SK Hynix did not disclose the specific content of the project.