# SK Hynix's acquisition of Key Foundry cleared by Korea Fair Trade Commission

The Korea Fair Trade Commission cleared SK Hynix's 576-billion-won ($480 million) acquisition of Key Foundry Co., a foundry company, which will double SK Hynix's total foundry capacity to about 200,000 wafers.

- Type: Acquisition
- Announced: 2022-03-30
- Where: Cheongju, North Chungcheong Province, South Korea
- Value: $480.0M (576.0B KRW)
- Status: announced
- Capacity: 200,000 wafers
- Products: foundry wafers
- 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

- [kedglobal.com](https://www.kedglobal.com/us/mergers-acquisitions/newsView/ked202203300010), 2022-03-30: "The Korea Fair Trade Commission on Wednesday cleared SK Hynix's 576-billion-won ($480 million) acquisition of Key Foundry Co."

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