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SK Hynix System IC reportedly offers generous incentives for transfer to China JV amid intense competition

According to iNews24 and SE Daily, SK Hynix System IC, the 8-inch foundry subsidiary of SK Hynix, is urging employees in both South Korea and China to transfer to its joint venture unit in Wuxi, China, as part of a business optimization effort. The company recently held briefings for staff, offering an incentive of 3,000% of the base salary for those who accept the transfer to SK Hynix System IC (Wuxi).