Milbank LLP advised SK hynix Inc. ("SK hynix"), one of the world's largest semiconductor manufacturers, on the second phase closing of its $9 billion acquisition of Intel’s global SSD and NAND flash memory business.
The transaction was structured as a two-step process. Milbank represented SK hynix in all aspects of the highly complex and closely negotiated second and final phase of the transaction, marking a significant strategic expansion for SK hynix in the global semiconductor market.
SK hynix Inc., headquartered in South Korea, is a global leader in memory technology, supplying dynamic random-access memory (DRAM) and flash memory products to customers worldwide.
“We are pleased to have advised SK hynix on this strategically important transaction, enhancing its competitive position as a global semiconductor leader,” said partner David Cho. “The successful completion of this acquisition highlights SK hynix’s commitment to innovation and growth in the memory technology sector.”
The Milbank team advising SK hynix was led by Seoul-based partner David Cho, supported by special counsels Spencer Park and Min Kim, and associates Susan Yoon and Joseph Hansik Ha. Singapore-based associates Wei Sheng Lee and Kris Singh provided additional support, along with partners Dan Perry and Nicholas Smith, and associate Davis Campbell. Antitrust expertise was provided by partners Fiona Schaeffer, James Weingarten, Alexander Rinne, Andrea Hamilton, and associate Ari Blask.
