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Korea’s SK Hynix is ​​about to reach an agreement to supply German car chips to Bosch


© Reuters. FILE PHOTO: SK Hynix logo is seen at its headquarters in Seongnam

SEOUL (Reuters) – SK Hynix Inc, the world’s second-largest memory chip manufacturer, is about to sign a long-term agreement to supply car memory chips to German auto supplier Robert Bosch GmbH, South Korea reported believe.

The two companies are directly negotiating for SK Hynix to supply Bosch car memory chips for 10 years or more, Maeil Business Newspaper reported late Tuesday, citing unnamed industry sources. The statements did not mention financial details.

SK Hynix declined to comment. Bosch was not immediately available to comment.

A source familiar with the matter said the Korean company has a memory chip supplier partnership with automotive suppliers Continental and Hyundai Mobis.

Companies around the globe are struggling to secure chip inventories due to an unprecedented shortage of semiconductors, forcing governments to come up with policies that support domestic chip industries.

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