SK Hynix is reviewing strategic options for its semiconductor packaging facility in Chongqing, China. The company may sell a stake in the plant valued at approximately $3 billion. Advisors are currently reviewing the business for potential buyers, including Chinese investment funds and local semiconductor firms.
Discussions remain in the early stages and may not result in a transaction. SK Hynix might retain a minority stake in the facility if a sale proceeds. The Chongqing site serves as a primary back-end base for NAND flash memory packaging and testing.
The chipmaker plans a $38 billion expansion of advanced memory production facilities in South Korea. This investment aims to meet surging demand for artificial intelligence technology. Analysts attribute the potential China divestment to the U.S.-China semiconductor rivalry and global supply chain restructuring.