# SK hynix acquires Key Foundry for 575.8 billion won

SK hynix signed a deal to acquire a 100% stake in foundry firm Key Foundry for 575.8 billion won ($492.55 million), announced on 29 October 2021. Key Foundry, based in Cheongju, South Korea, produces non-memory chips using 8-inch wafers.

- Type: Acquisition
- Announced: 2021-10-29
- Where: Cheongju, North Chungcheong Province, South Korea
- Value: $492.6M (575.8B KRW)
- Status: announced
- Products: power management ICs, display driver ICs, microcontroller units
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SK Hynix](https://endata.com/companies/2769.md) (acquirer)
- [Key Foundry](https://endata.com/companies/55853.md) (target)

## Sources

- [koreaherald.com](https://www.koreaherald.com/article/2715703), 2021-10-29: "The acquisition of Key Foundry is expected to contribute to doubling SK hynix's foundry capacity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.