Article: United States: South Korea s Uni-chem signs deal with Hynix.

A South Korean company has reached an agreement with Hynix Semiconductor Inc. to take over a plant that the world's second-largest memory chip maker closed in the United States, an official said Saturday.

Uni-chem Co. signed a memorandum of understanding in August to buy Hynix's memory chip plant and the accompanying land in Eugene, Oregon, for $50 million, Uni-chem Chairman Lee Ho-chan told The Associated Press.

Lee said his company plans to use the plant to make solar cells as part of the company's new business.

Uni-chem provides leather to South Korea's Hyundai Motor Co. and its affiliate Kia Motors Corp. as well as to luxury goods companies ...

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