While there are reasons to be wary of SPAC transactions, several aspects of this route for going public can be very attractive.
If Hynix gets signoffs from the remaining governments, it will cement its position as the largest Nand producer after Samsung.
The developer is going after cloud providers with large data center needs in the top markets in the Americas.
CEO Renee James says beginning next year, Ampere will sell chips with cores designed in house instead of using Arm designs.
Shortages are getting even worse, complicating the global economic recovery from the pandemic.
Transaction with the Singapore money manager could value the assets at $8 billion to $10 billion.