US company Adaptec has bought Symbios Logic from Korean chaebol Hyundai for nearly $800 million.
Symbios sells its board level products to a number of large OEMs including Compaq, Acer, Apple and others.
The deal is one of the first examples of Korean conglomerates obeying the rules imposed by the International Monetary Fund (IMF) following the recent economic crisis, making them open up to divesting parts of their business to non-Korean companies. The Intel bid to take a stake in Samsung (see separate story) would be made possible by the same rulings.
Since South Korea's financial crisis at the start of the year, a number of US companies have bought parts of the country's infrastructure.
Dr Kuan Hon criticises GDPR consent emails that will only eviscerate marketing databases and 'media misinformation'
Apple squashes Steam Link app on 'business conflicts' grounds
Philip Hammond wants to forget rules that the UK agreed with the EU to ban non-European companies from the satellites
Instapaper to 'go dark' in Europe until it can work out GDPR compliance