SAN JOSE, Calif. - State-run Korea Finance Corp. is ''mulling a plan' to buy a large stake in Hynix Semiconductor Inc.-if the memory maker can't find another suitor, according to the JoongAng Daily.
No decision has been made. Amid an upturn in business, Hynix remains in a holding pattern in regards to gaining a new majority shareholder. Creditors own a controlling 28 percent stake worth around $3 billion in Hynix. A consortium of banks, former creditors and now owners of Hynix sold a 6.7 percent stake in Hynix for about $814 million in mid-March. This was part of a plan by the group led by Korea Exchange Bank (KEB) to unload a total of 13 percent of the company this year.
Prospects to unload those shares appear to be dim. Creditors can’t find a suitable buyer. LG Electronics Inc. recently rejected a plan to buy the shares. Reports have surfaced that LG may re-visit that plan.
David Patterson, known for his pioneering research that led to RAID, clusters and more, is part of a team at UC Berkeley that recently made its RISC-V processor architecture an open source hardware offering. We talk with Patterson and one of his colleagues behind the effort about the opportunities they see, what new kinds of designs they hope to enable and what it means for today’s commercial processor giants such as Intel, ARM and Imagination Technologies.