Tuesday, October 21, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Toshiba Debuts New 2-in-1 Convertible PC with a 360-Degree Design
Acer Leads The Growing Chromebook Market
China Denies Apple's iCloud Hack Allegations
Samsung Galaxy KNOX Devices Approved for U.S. Government Classified Use
iPhone 6 Demand Help ARM's Growth
SK Hynix Develops High Density 16GB NVDIMM
Samsung Mass Produces 8-Gigabit DDR4 Based on 20 Nanometer Process Technology
Strong iPhone, Mac And App Store Sales Drive Apple's Record September Quarter Revenue And Earnings
Active Discussions
Copied dvd's say blank in computer only
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
 Home > News > General Computing > Korean ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Tuesday, December 27, 2011
Korean Fair Trade Comission Clears SK Telecom's Hynix Purchase


South Korea's Fair Trade Comission said Tuesday it has approved SK Telecom Co.'s bid to take over Hynix Semiconductor Inc., the world's second-largest memory chipmaker.

This will be the biggest acquisition by South Korea's leading mobile operator.

The watchdog reviewed whether the integration of the telecommunications and telecom equipment-making businesses of SK Telecom with Hynix's semiconductor manufacturing would stifle market competition.

Although the two companies are both major players in the mobile and chip sectors, their technologies, supply channels and clients are different, the commission said.

"We concluded that SK Telecom's Hynix acquisition does not limit market competition," the Fair Trade Commission's Chairman Kim said in a statement.

SK Telecom controls 54.5 percent of South Korea's wireless market and Hynix supplies around 20 percent of the global dynamic random access memory (DRAM) market.

Last month, SK Telecom agreed to buy the 21.05 percent stake in Hynix for 3.43 trillion won (US$3.06 billion) from creditors.

The deal is expected to be finalized next month.

The acquisition is expected to help the mobile giant enter into the memory chip sector and compete with Samsung Electronics Co., the world's top memory chipmaker.


Previous
Next
New HP LaserJet Firmware Update Prevents Printer Hacking        All News        DOCOMO and Five Companies to Co-develop LTE Chips
New HP LaserJet Firmware Update Prevents Printer Hacking     General Computing News      Seiko Epson to Pay $80M to Settle Nokia'a Lawsuits

Get RSS feed Easy Print E-Mail this Message

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .