sk hynix

The index provider cited unresolved market-accessibility issues for global investors, including limits around Korean won convertibility. Korean semiconductor giant SK Hynix is seeking direct access to US investors amid surging demand for AI memory chips.

The Korean conglomerate wants to give its growth outlook a boost with a larger footprint in Vietnam. A chance to overtake rival chaebol LG in a growing market for electric vehicles is also attractive.

Following an increase in outbound investment from Korea, SK Hynix has targetted a sector that it knows well: the semiconductor industry.

SK Hynix, a leading semiconductor supplier, makes its first US acquisition with the purchase of California-based Link_A_Media Devices, a maker of memory-chip controllers.