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SK Group Chairman Chey Tae-won, left, visited Foxconn’s Terry Gou in Taipei in September 2015. (Photo by Debby Wu)
Business deals

Foxconn approached SK Hynix for joint Toshiba bid, sources say

Tycoon Terry Gou acts on warm personal ties with SK Group Chairman Chey Tae-won

DEBBY WU and CHENG TING-FANG, Nikkei staff writers | South Korea

TAIPEI/SEOUL -- Key iPhone assembler Hon Hai Precision Industry, known as Foxconn Technology Group, has approached South Korea's second largest memory chip maker SK Hynix to explore the possibility of collaborating on a bid for the memory business of Japan's ailing conglomerate Toshiba, two sources told Nikkei Asian Review.

SK Hynix declined to comment on Wednesday. "We cannot comment on the deal beyond our public disclosure," spokesperson Son Kyung-bae said. Foxconn declined to comment.

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