Consolidation is inevitable in every industry, yet today saw the announcement that trumps numerous hyped or just rumored acquisitions made to pump up the stock in western media. SK Hynix just made recent moves by industry giants such as Intel ($16.6 billion acquisition of Altera), TSMC, or Micron (rumored sub-23 billion acquisition by the Chinese) – look small. The company announced it will invest no less than 38.9 billion US dollars in a bid to become the world’s largest semiconductor manufacturer, a crown currently held by Taiwanese TSMC for logic chips and Samsung for DRAM/NAND memory chips. This investment is split into two parts, $26.9 billion to build two
