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Hynix may partner with foreign company.
Byline: Gina Chon
SEOUL -- The restructuring committee for Hynix Semiconductor Inc. said Nov. 28 it may link the South Korean chipmaker with a foreign company.
Former Commerce Minister Kook Hwan Shin, head of the seven-member committee, said it would consider all options, although no progress has been made for such a move. The group met for the first time Wednesday to discuss measures to revive the ailing group, which carries more than $6 billion of debt.
Rumors have been circulating in recent weeks about a Hynix merger. Last week, Hynix CEO Chong Sup Park denied the company was discussing a merger with Micron Technology Inc. of Boise, Idaho, the …
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