According to Chinese media reports, South Korea's SK hynix officially responded to reports that it may sell its Chongqing plant, stating that no decision had been made at this time and that it was considering a range of options to strengthen the competitiveness of its business.
The company issued an official response on the 10th, explaining that it was considering a range of options to improve the competitiveness of its packaging business. It stated that if specific matters are finalized, it would make another disclosure on the date of finalization or within one month.
According to a Bloomberg report on the 7th, the company is considering multiple options for the future of its semiconductor plant in Chongqing, including attracting investors and expanding the business. The parties in discussions may include Chinese investment funds and local companies. The assets are reportedly valued at approximately $3 billion if the transaction is completed.
The Chongqing plant primarily handles semiconductor back-end processes, such as assembly and testing, and has been positioned as a key site supporting the global supply chain for NAND flash memory.
Citing reports in the South Korean press, the article also reported that a KRW 54 trillion equipment investment plan is under way, including construction of a new DRAM plant in Yongin and expansion of NAND production in Cheongju, as part of a strategy to strengthen cutting-edge memory production capacity in South Korea amid surging AI demand. It also noted that the company raised approximately $26.5 billion through its Nasdaq listing in July.