SK Hynix does not intend to abandon plans to acquire a stake in the semiconductor business of Toshiba, which is likely to reduce the chances of a deal with a consortium that includes the South Korean chip maker along with the US private investment firm Bain Capital and Japanese government agencies.

According to Park Sung-wook, CEO of SK Hynix, the company continues to negotiate the purchase of Toshiba Memory (specializes in the production of flash memory) and continues to adhere to the plan to participate in this business. Japanese conglomerate intends to earn on sale of semiconductor assets of not less than 18 billion dollars.

Earlier in the media, information was provided that SK Hynix within the consortium offered to finance the transaction through convertible bonds that would provide the Asian company with a share in the Toshiba business. In turn, Toshiba wants to prevent such equity participation SK Hynix, because the Japanese authorities are afraid for the leakage of key technologies from the country and may affect the outcome of the transaction.

In connection with the possible failure of the transaction because of the participation in it of SK Hynix, Toshiba began to negotiate with Foxconn and Western Digital. And the latter was ready to pay for the business more than the consortium.