Hynix sells screen unit

Hynix Semiconductor has agreed to sell its flat-screen manufacturing business to BOE Technology Group of China for US$380m, the Financial Times said. The unit, which makes thin-film transistor liquid crystal displays for flat-screen televisions, computers and handsets, has been put up for sale as part of the South Korean company's efforts to avoid bankruptcy. BOE said it would launch an overseas subsidiary to buy the assets, funded by foreign debt.