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China Officials Concerned With Hynix Role in Toshiba Chip Sale

An SK Hynix Inc. random access memory (RAM) chips are seen inside an Apple Inc. MacBook Pro laptop computer in an arranged photograph in Bangkok, Thailand on Friday, July. 28, 2017. Apple are schedule to announce third-quarter earning figures on Aug. 1.
Photographer: Brent Lewin/Bloomberg

Antitrust officials in China’s Ministry of Commerce are concerned about the role SK Hynix Inc. will play in the sale of Toshiba Corp.’s memory chip business as the country commences a review of the deal, people familiar with the matter said.

Mofcom officials are looking at the fact that Hynix could take a sizable stake in the business if the sale goes ahead, the people said, asking to not be identified as they aren’t authorized to speak on the matter. Toshiba may need to offer some remedies to reassure the regulator that it won’t hurt competition, the people said. The ministry could impose conditions on a deal, they said.