March 18, 2024 /SemiMedia/ -- According to reports, SK hynix is restructuring its business in China.

The report pointed out that SK Hynix plans to close its Shanghai office in China, which was established in 2006, and shift its focus to Wuxi, China, where its semiconductor manufacturing factory is located, as its new business center in China.

SK Hynix has three factories in China, including Wuxi DRAM factory, Dalian NAND flash memory factory and Chongqing packaging factory.

The report pointed out that due to the close geographical location of Shanghai and Wuxi, and SK Hynix's China business center has been transferred to Wuxi, the company decided to close the Shanghai sales company to improve efficiency.

In addition, SK hynix hopes to reduce risks by reorganizing sales facilities with relatively low importance in advance.