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S.Korea's SK Hynix says considering spinning off foundry business

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Reuters SEOUL
Last Updated : Apr 27 2017 | 9:42 AM IST

SEOUL (Reuters) - South Korea's SK Hynix Inc said on Thursday it is considering spinning off its foundry business into a separate unit to strengthen its competitiveness.

The world's second-biggest maker of memory chips, behind Samsung Electronics Co Ltd, said in a filing that although it is considering the spinoff, nothing has yet been decided.

(Reporting by Joyce Lee; Editing by Randy Fabi)

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First Published: Apr 27 2017 | 9:27 AM IST

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