{"id":5304,"date":"2004-06-12T07:31:27","date_gmt":"2004-06-12T07:31:27","guid":{"rendered":"http:\/\/localhost:8080\/hynix-signed-system-ic-business-transfer-agreement-with-system-semiconductor\/"},"modified":"2026-07-29T15:06:26","modified_gmt":"2026-07-29T06:06:26","slug":"hynix-signed-system-ic-business-transfer-agreement-with-system-semiconductor","status":"publish","type":"post","link":"https:\/\/news.skhynix.com\/en\/hynix-signed-system-ic-business-transfer-agreement-with-system-semiconductor\/","title":{"rendered":"hynix Signed System IC Business Transfer Agreement with System Semiconductor"},"content":{"rendered":"<p><strong>Seoul, Korea, June 12, 2004<\/strong><br \/>\nhynix Semiconductor today announced it has signed a business transfer agreement of its system IC division with System Semiconductor Ltd. The Company\u2019s board has approved the sale of the system IC division earlier this month.<\/p>\n<p>System Semiconductor Ltd. is a newly founded Korea based corporation by Citigroup Venture Capital Equity Partners, L.P. and CVC Asia Pacific Ltd. The sale of hynix\u2019s system IC division will be completed after going through necessary procedures such as extraordinary shareholders\u2019 meeting.<\/p>\n<p>Once completed, the new company is expected to be developed and grow as a company that specializes in system IC business. With the sale, which was one of the options to restructure the Company in the \u201cBusiness Normalization Plan of hynix\u201d that was agreed with the creditor council at the end of 2002, hynix will be able to focus its resources on memory business. In addition, with the proceeds generated from the sale, hynix\u2019s financial structure is expected to improve which will contribute significantly to the Company\u2019s early normalization.<\/p>\n<p>On the other hand, hynix will pursue China project and seek opportunities for strategic alliances to further strengthen the Company\u2019s long-term competitiveness and extend its leading position in the memory market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seoul, Korea, June 12, 2004 hynix Semiconductor today announced it has signed a business transfer agreement of its system IC division with System Semiconductor Ltd. The Company\u2019s board has approved the sale of the system IC division earlier this month. System Semiconductor Ltd. is a newly founded Korea based corporation by Citigroup Venture Capital Equity [\u2026]<\/p>\n","protected":false},"author":23,"featured_media":3393,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_migrated_source_id":1655,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[4],"tags":[625,718,299],"class_list":["post-5304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-agreement","tag-ic","tag-semiconductor"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/comments?post=5304"}],"version-history":[{"count":1,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5304\/revisions"}],"predecessor-version":[{"id":6914,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/5304\/revisions\/6914"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media\/3393"}],"wp:attachment":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media?parent=5304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/categories?post=5304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/tags?post=5304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}