A filing with the Korean regulatory authorities that was reported in The Korea Herald said:
We are looking into various options, including setting up a joint venture with Seagate Technology PLC, to strengthen the mid and long-term competitiveness of our nonvolatile storage flash chips.
But no decision has yet been made.
Obviously neither Seagate nor SK Hynix are making any public comments about their talks and the progress, or lack of progress, made.
But the background of the disk-to-flash storage transition and the technological and broad business trends affecting both companies is obvious.
A vertically integrated, disk-based, development, manufacturing and distribution channel operator like Seagate needs to replicate its disk business model in the flash/SSD business, where it can bring its product and distribution-level expertise to bear on a flash output facility.