Feeds

Hyundai, LG Semicon deal on

Little says Hyundai should get large but LG cross

  • alert
  • submit to reddit

New hybrid storage solutions

The local South Korean press has reported that Hyundai will take a controlling 70 per cent stake in a merged chip enterprise with LG Semicon. Wall Street consultancy Arthur D Little yesterday announced that it recommended Hyundai have that stake because it would be more competitive than LG Semicon. According to English language newspaper The Korea Times, LG immediately hit out at the proposal, saying it did not agree on the criteria. But whether LG likes it or not, it is likely that the South Korean government will insist the merger goes ahead. If it rejected the proposal, it would breach promises it has already made. Both Hyundai and LG had until this weekend to sort out the merger. A government minister said that Hyundai and LG would have no choice in the matter. If they rejected Arthur D Little's proposal, creditors will pull various rugs from under the companies. The new chip company is expected to take shape by April of next year. If the deal does finally go ahead, it will create a company almost equal in size to Samsung Electronics, but it is unlikely to be welcomed by US DRAM companies such as Micron, which have made allegations that the large Korean chaebols have dumped product. We don't know whether Arthur D Little is exhausted by all of the negotiations, but we at The Register certainly are... ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.