Hynix denies move to China
South Korean memory chip giant Hynix Semiconductor on Wednesday denied local media reports that it planned to move its operations to China. A problem finding land in South Korea for a new factory to make chips on 12-inch (300 millimeter) wafers apparently turned into speculation that the company, frustrated, would simply move to China, where it already operates a joint venture chip factory.
“There were some local news reports that we’re planning to move our operation to China. … Hynix is not reviewing that option,” said Kim Mi-Young, a Hynix representative. The company started looking for a new site for the planned factory after South Korea’s environmental protection agency turned down a request to build it near its Ichon complex in Kyonggi Province, for fear it might contaminate a nearby river.
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