SK Hynix Becomes Kioxia’s Largest Shareholder With 14.19% Stake

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SK Hynix has become the largest shareholder of Japanese memory chipmaker Kioxia, with its investment vehicle SPC2 holding a 14.19% stake. The position dates back to SK Hynix’s 2018 investment of about 4 trillion won through convertible bonds. Kioxia ranks third globally in NAND memory behind Samsung Electronics and SK Hynix. Toshiba reduced its stake …