Samsung and SK hynix reportedly reject electricity prepayment plan
Korea JoongAng Daily says the chipmakers cited cash-flow risks and investment needs in declining Kepco’s 25 trillion won ($18.6 billion) proposal.
TLDR
Samsung Electronics and SK hynix rejected Kepco’s proposal to advance a combined 25 trillion won ($18.6 billion) to help fund the strained electricity grid, Korea JoongAng Daily reports. The chipmakers cited cash-flow risks and investment needs as reasons for declining the prepayment plan.
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