Moody's: SK Hynix's proposed investment in Toshiba's semiconductor business has no rating impact
Announcement: Moody's: SK Hynix's proposed investment in Toshiba's semiconductor business has no rating impact. Global Credit Research- 28 Sep 2017. Hong Kong, September 28, 2017-- Moody's Investors Service says that SK Hynix Inc.' s plan to invest KRW4 trillion as part of a consortium led by Bain Capital to acquire a stake in Toshiba Corporation's semiconductor business will not affect the company's Ba1 corporate family rating or the positive outlook.SK hynix is engaged in the manufacture and sale of semiconductors and related devices. Co.'s memory semiconductors include dynamic random access memory ("DRAM") modules, multi-chip products (MCPs) and NAND flash memory semiconductors. Co.'s memory semiconductors are used for desktops, notebooks, smartphones, tablets, game consoles, MP3, PMP, USB drive, televisions, and digital cameras. Co. also develops non-memory semiconductors such as complementary metal oxide semiconductor image sensors used in digital imaging devices.
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