[4] The company's major customers include Microsoft, Apple,[5] Asus, Dell, MSI, HP Inc., and Hewlett Packard Enterprise (formerly Hewlett-Packard).

[2] Other products that use Hynix memory include DVD players, cellular phones, set-top boxes, personal digital assistants, networking equipment, and hard disk drives.

Hyundai had to pay a very high entry price to set up an efficient production system and to stabilize the yield rate compared to its rival Samsung, who at least had prior experience in semiconductor manufacturing.

Hyundai's DRAM chip, produced by importing Vitelic Corporation's design and technology, again failed in mass production due to a low yield rate.

[10][8] During the 1997 Asian financial crisis, the South Korean government initiated the restructuring of the nation's five major conglomerates, including their semiconductor businesses.

[11][12][13] Although the South Korean government aimed to merge the two companies to alleviate the supply glut in the global market, competition in the semiconductor industry had intensified.

The divestiture was part of a bailout plan requested by the major creditor, Korea Development Bank, to provide fresh funds to the insolvent semiconductor maker.

[24][25][26] Korean companies such as Hyosung, Dongbu CNI, and former stakeholders, including Hyundai Heavy Industries and LG, were considered potential bidders but were either denied or withdrew from the bidding.

[36] As of December 2023 SK Hynix has production facilities in Icheon and Cheongju, South Korea, and in Wuxi, Chongqing and Dalian, China.