Report: Hynix invests in Phison

Apr. 22, 2008 – Hynix Semiconductor has made an investment in Taiwan’s design house Phison Electronics in a bid to prop up its NAND flash memory business, according to local reports.

Under the private placement, disclosed in a filing with the Taiwan Stock exchange, Hynix will purchase 2.1M shares of Phison at a per-share price of NT$165 (US ~$5.45), notes Digitimes, which adds that both Toshiba and Micron are major suppliers of Phison. The Korea Times pegs the total investment at about 11B won ($11.1M), for an undisclosed stake in the Taiwanese firm.

The Korean paper cited a Hynix spokesperson calling the deal “a win-win strategy for both companies” as it secures a stable NAND chip procurement channel for Phison, and helps Hynix tighten technology partnerships in Taiwan.


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