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(From Korean Industry Update)
Korea's ailing Hynix Semiconductor sold its thin film transistor-liquid crystal display (TFT-LCD) business unit to BOE Technology Group of China at about US$380 million, a company spokesman announced Tuesday.
BOE Technology hans concluded a formal contract with Hynix for acquisition of HYDIS, the TFT-LCD manufacturing company.
The Chinese buyer is expected to pay US$380 million for HYDIS' assets and additional …