Home Business News Korea's SK Hynix is ​​about to reach an agreement to supply German...

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.

Disclaimer: Fusion Media wants to remind you that the data contained in this website is not necessarily real-time nor is it accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but are provided by the market makers, so the prices may be inaccurate and may differ from actual market price, which means that price is indicative only and not suitable for trading purposes. Consequently, Fusion Media accepts no liability whatsoever for any transaction losses you may incur as a result of using this data.

Fusion Media or anyone associated with Fusion Media will not be liable in any way for loss or damage resulting from dependence on information including data, quotes, charts and buy / sell signals contained in the this site. Please be fully informed about the risks and costs associated with trading the financial markets, which is one of the riskiest investments possible.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments