SK Hynix Shows Interest in Buying Arm via Consortium

Rather surprisingly, SK Hynix has said that it’s interested in being part of a consortium to purchase Arm, during its annual shareholders meeting. Although several companies have voiced their interest in Arm, such as Qualcomm and even Intel, SK Hynix hasn’t even been on the radar until now. However, the interesting part here is the bit about a consortium and Park Jung-ho, vice chairman and CEO of SK Hynix is quoted saying “I don’t believe Arm is a company that could be bought by one company,” by the Yonhap News Agency.

Although SK Hynix has only recently started working on the idea of purchasing Arm, most likely due to NVIDIA’s deal to purchase Arm from SoftBank falling through, it looks like SK Hynix have a very different plan to that of NVIDIA. Park continued “It doesn’t have to be buying a majority of its shares to be able to control the company,” suggesting that even if SoftBank was to list Arm on the stock market as a standalone company, SK Hynix could try to take control of a majority of its shares. However, the mention of the consortium is something other industry players have proposed and it seems like the most sensible way to move forward, without causing negative effects for the Arm licensees in the long term.