SK hynix Looking to Buy Arm

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SK hynix is reportedly considering forming a consortium to acquire UK-based chip design company Arm.

www.eetasia.com, Apr. 07, 2022 – 

South Korean chips group SK Hynix is understood to be interested in buying Arm, in collaboration with other interested but unnamed parties.

News agency Yonhap reported earlier this week that the company's vice-chairman, Park Jung-ho, said, "We are reviewing possibly forming a consortium, with strategic partners, to jointly acquiring it." He added, "I don't believe Arm is a company that could be bought by one company."

The deal is said to be at the early stages.

Last year, Nvidia attempted to purchase the British chip designer, but the deal fell through after encountering numerous regulatory hurdles. And before that, the company's owner, Japanese group Softbank, attempted an Initial Public Offering that would have been arguably the largest IPO in the semiconductors sector.

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