Korean chipmaker SK Hynix announced that the company is set to offer USD2.62 billion to buy the stake in chip business of Toshiba, which is going to be spun off, reported Nikkei on February 7. SK Hynix is the world's fifth-largest NAND flash memory maker and Toshiba spots the second place. By strengthening cooperation with Toshiba, Hynix aims to beat the top-ranked Samsung. Toshiba have stopped accepting investment bids on February 3 and, other than SK Hynix, Western Digital, Micron Technology, Foxconn, and Bain Capital are reportedly also pursuing the deal, according to the same source.