SK Group Chairman Chey Tae-won announced SK Hynix is considering a joint production partnership with Kioxia Holdings Corp. Chey warned the company may sell its position if manufacturing negotiations fail. SK Hynix currently holds convertible bonds representing an approximate 15% stake in the Japanese chipmaker.
SK Hynix shares fell in pre-market trading alongside the broader memory-chip sector. Rising oil prices and a global bond sell-off contributed to the downward market movement.