Samsung and SK Hynix have rejected KEPCO's proposal for a $19 billion prepayment for electricity. This was reported by Qazaqyia.kz citing Reuters.
According to a document, this decision is recorded. Both major chipmakers did not accept KEPCO's proposal.
KEPCO is South Korea's state-run company for the production and distribution of electricity. The $19 billion prepayment concerned electricity supplies.
Samsung and SK Hynix are leading global semiconductor manufacturers. Their rejection of KEPCO's proposal marks an important stage in negotiations regarding electricity consumption and supply.
Citing the document, Reuters distributed this information. Official comments from the companies are not yet known.