[ANALYSIS] SK hynix unlikely to acquire GlobalFoundries Posted : 2021-05-16 15:55 By Kim Yoo-chul After its chief executive Park Jung-ho clarified that SK hynix plans to double the capacity of its foundry (contract-based chip fabrication), investors have been saying that the world's No. 2 memory chipmaker will "soon" try to invest in a foundry chip-making company. SK has a very stable position in terms of profit-seeking in the global memory chip market, where it trails only market leader Samsung Electronics. The global memory chip market has already been rationalized with three major players, including Micron Technology of the U.S. Thus, it's unlikely that SK hynix will invest a billion dollars for the acquisition of a big-name company to bolster its profile in a sector it hasn't massively explored already.