Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (60744)	2/20/2002 2:34:00 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Samsung says not considering tie up with Hynix Reuters, 02.19.02, 11:41 PM ET forbes.com SEOUL, Feb 20 (Reuters) - South Korea's Samsung Electronics Co is not considering an alliance with troubled rival Hynix Semiconductor Inc <00660.KS>, the company said on Wednesday in response to an idea suggested by the country's commerce minister. "We have not considered and are not planning an alliance with Hynix," Samsung spokesman Han T.S. told Reuters. Commerce Minister Shin Kook-hwan earlier told reporters the two company's should consider an alliance. "Cooperation and a tie-up between Samsung and Hynix would contribute to Korea's chip industry," he said ahead of a breakfast meeting with the chief executives of Hynix and Samsung. Hynix is locked in complex negotiations with Micron Technology Inc (nyse: MU - news - people) of the United States to sell key assets in a deal that could be worth $4 billion.