South Korea's Hynix said it had considered various ways to utilize existing 200-mm capacity in the fab. Previously, Hynix and STMicroelectronics Inc. had a memory fab venture in Wuxi, which consisted of a 200- and 300-mm fab.

In May, ST sold its share in the China venture to a new NOR company. The new NOR company is a joint venture between Intel, ST and Francisco Parters. Hynix still manages the fabs in China, which includes a 300-mm plant.

Hynix sold the 200-mm line in Wuxi to China Resources, which is a conglomerate with interests in Hong Kong and China. China Resources has several listed hi-tech companies in Hong Kong, including CSMC Technologies Corp.

Acting on behalf of China Resources Logic Ltd., Citigroup Global Markets Asia Ltd. last year offered HK$880 million ($113.5 million) to acquire the remaining shares of loss-ridden, silicon foundry provider CSMC of China.

By: DocMemory
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