Reverse: SK Hynix opposes "merger of Armor and Western Digital"

Thanks to CTOnews.com netizens Xiao Zhan cut, Alejandro86 clue delivery! CTOnews.com, October 26 news, NAND flash memory chipmaker Kioxia (Kioxia) and Western Digital (WD) merger plan is ushering in new variables, CTOnews.com previously reported that South Korean memory giant SK Hynix initially said "against the merger," and then denied "opposition", but now the whole news has ushered in a reversal.

"We do not agree to a merger at this time because of the impact on the value of our investment assets," Kim Woo-hyun, chief financial officer of SK Hynix, told analysts on a conference call on Thursday, according to the Financial Times. "but we will make decisions for all stakeholders, including Armor and shareholders."

James Lim, an analyst at Dalton Investment, a US hedge fund at ▲ Touyuan Financial Times, said SK Hynix opposed the merger of Xia Xia and Western Digital because SK Hynix did not want to see stronger competitors emerge. "the combined entity will have twice the market share of SK Hynix."

Western Digital and Armor have been discussing possible merger plans for years, and the two companies are seeking to conclude negotiations this month and hope to announce the deal before Western Digital releases its results on October 30. The armor had also approached the Japanese investment company Japan Investment Corp., hoping to inject capital to speed up the deal, but now SK Hynix has publicly expressed its opposition to the merger, so the overall plan has now ushered in new variables.

Related reading: "(updated) SK Hynix denies" opposing the merger of Armor and Western Digital and asking Softbank Corp. for assistance "