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SK Hynix has the fifth-largest share of the global market for NAND flash memory.
Business

SK Hynix offers $2.6bn for stake in Toshiba chip business

South Korean chipmaker wants to bulk up against Samsung Electronics

KENICHI YAMADA, Nikkei staff writer | South Korea

SEOUL -- South Korean chipmaker SK Hynix has offered to invest 3 trillion won ($2.62 billion) in the chipmaking operations set to be spun off from struggling Japanese manufacturer Toshiba, according to local media reports Tuesday.

SK Hynix has the fifth-largest share of the global market for NAND flash memory, while Toshiba is the No. 2 player.

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