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Samsung, SK Hynix reject KEPCO's $19 billion power prepayment proposal, document shows
SEOUL: Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric Power Corp to make a 25 trillion won ($18.7 billion) upfront payment to support power supplies for planned semiconductor mega clusters, according to a document submitted to a lawmaker. Here are some details: The two chipmakers told the state-run utility company it would be difficult to accept the proposal following internal reviews, according to the document, which was shared with Reuters by the office of lawmaker Lee Chul-gyu. The companies were unsure if such large upfront payments were necessary, cit...
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