A potential merger, that could result in the creation of the world's largest memory chipmaker, has Korean unions unsettled. Analysts predict that Micron would reduce current over-capacity through factory shutdowns. This is thought to be one of the incentives for the Micron interest in Hynix. Hynix has $6bn of debts and needs to be rescued.
See "Korean unions could derail Hynix-Micron talks.", Andrew Ward, Financial Times, January 7, 2002