SK Hynix CEO says reviewing forming a consortium to acquire Arm-Yonhap

Employees walk past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/

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SEOUL, March 30 (Reuters) — South Korean chipmaker SK Hynix’s (000660.KS) CEO said on Wednesday that they are considering forming a consortium with strategic investors to acquire British semiconductor company Arm Ltd, Yonhap news agency reported.

SK Hynix Vice Chairman and co-CEO Park Jung-ho’s remarks mean a theoretical review as part of a response to a press query after the company’s annual shareholders meeting, and does not refer to a specific plan or any ongoing review, the company said in a statement.

(This story was refiled to fix day of week in first para)

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Reporting by Joyce Lee, Editing by Louise Heavens

Our Standards: The Thomson Reuters Trust Principles.

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