SK Hynix Is Now Looking Acquire Armn Through A Consortium

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In February, Nvidia scrapped the $40 billion deal — the biggest ever in the world of semiconductors — to acquire Arm, amid anti-trust probes in the US and Europe

Months after the fallout of the highly-anticipated Nvidia-Arm deal, South Korean chipmaker SK hynix is looking to form a consortium to acquire British semiconductor company Arm.

“We are reviewing possibly forming a consortium, together with strategic partners, to jointly acquire it,” Park Jung-ho, vice chairman and CEO of SK hynix, told reporters after the company’s annual shareholders meeting. The idea of a possible acquisition of Arm is said to be at a very early stage.

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“I don’t believe Arm is a company that could be bought by one company,” he added, reports Yonhap news agency.

In Februray, Nvidia scrapped the $40 billion deal — the biggest ever in the world of semiconductors — to acquire Arm, amid anti-trust probes in the US and Europe.

Park, who is also CEO of SK Square Co., the investment spinoff of SK Telecom, made it clear his company has been eyeing a potential merger in the semiconductor industry.

“I want to buy Arm, if not entirely. It doesn’t have to be buying a majority of its shares to be able to control the company,” he said during SK Square’s annual shareholders meeting.

Earlier, SK hynix was approved by South Korea’s antitrust regulator to go ahead with its acquisition of local chipmaker Key Foundry. The deal was aimed at revving up its contract chip manufacturing capacity, which takes up a small portion of its business.

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