Hynix sells major assets to relieve cash burn

Compiled from outside sources by Hsu Chia-hui, Research Center; Shih-wei Kao, DIGITIMES Asia Tuesday 9 October 2001 0

Hynix Semiconductor is closing deals to sell three of its major assets: its TFT LCD division, its TN/STN LCD division and 28.33 million shares of Maxtor. If successfully carried out, the company will get a cash injection of US$820 million (about one...

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