Japanese chipmaker Kioxia Holdings Corporation has offered its investor SK hynix Inc. (KOSE:A000660) the opportunity to produce semiconductors at its plants in Japan in a bid to revive its merger talks with Western Digital Corporation (NasdaqGS:WDC), the Jiji news agency reported on February 16, 2024. The talks stalled last year after South Korea's SK Hynix opposed to the plan to create an American-Japanese memory chip giant. Kioxia aims to court SK Hynix's approval of the merger in return for letting SK Hynix produce chips at Japanese plants co-operated by Kioxia and Western Digital, Jiji said.
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- Kioxia Reportedly Offers SK Hynix Chipmaking Access in Japan to Revive Western Digital Merger Talks