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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.
Key Foundry will supply next-generation automotive power semiconductors built on its second-gen 0.13 micron BCD process to ABOV Semiconductor. ABOV Semiconductor has developed an MCU for automotive universal fast chargers using this process.