Hynix deal delayed again

The Korean Press reports that senior executives at Hynix in Korea will now fly to the USA to start another round of talks with Micron.

That comes as Micron snapped up a Toshiba fab in the US for $300 million - very much less than it's probably worth.

According to the Korea Herald, a number of sticking points remain between the two major Dramurai.

Money appears to be one of these - as you'd expect - but may be the least of the problems.

It now looks like a memo of understanding may not be signed until February but as in this whole saga, the unexpected is likely to happen at any time.

The Herald reckons now that Micron only wants to dish up $3 billion for seven or eight memory lines and certainly doesn't want any of the debt that Hynix has.

As we reported at the end of last year, both of the major Dramurai are starting from culturally different points of views and that makes a memo of understanding a tough thing to draft.

If this goes on for much longer, maybe Micron CEO Steve Appleton will just blow his top and think of a different way of approaching the matter in hand.

View: The Korea Herald's story

News source: The Inquirer - Hynix deal delayed again

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