Hynix Indicates Reentry into Non-memory Chip Business
Hynix Indicates Reentry into Non-memory Chip Business
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  • 승인 2007.07.27 17:45
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Hynix is ready to enter into non-memory semiconductor business again.

Kim Jong-gab, president of Hynix Semiconductor, had a press conference at Joseon Hotel on July 25 to announce the company's plan.

Under the plan, Hynix will reach US$18 billion in sales by 2010 and rank third while increasing the market share of DRAM, NAND flash and PRAM to 30% respectively by 2012 with $25 billion in sales. If the mid- to long-term plan is put in place as scheduled, Hynix will become one of top semiconductor companies by 2017.

"To become one of the world's best by 2017, there is no choice but to start the non-memory business," added the President. Back in 2004, Hynix separated its non-memory business which is MagnaChip Semiconductor now.

Responding to the rumor on purchasing MagnaChip, President Kim said: "It has not been considered." He added that detailed plans about non-memory chip business will be disclosed after October. But he confirmed that Hynix does not consider any other business apart from semiconductors with the possibility of a merger or acquisition with high manufacturing capacity companies or venture firms with excellent technological prowess.

Answering the question on selling the company, he said that: "There is no decision made and nothing is reported to us. But regardless of the purchaser, we will pursue a way of maintaining management right."

He added: "We can start establishing a system for conversion from next year in relation to the approval of the government on its Icheon factory conversion under the condition of the introduction of a system for eliminating wastewater discharge."

President Kim predicted: "Different from 2001 when the demand for DRAM reduced to one third, the range of excessive supplies is cut to around 4% from 8% partly thanks to fewer market players. The prices of DRAM and NAND are not expected to increase to the levels of early 2007. But things will be better considering that there is a recent rise in prices while there is a possibility of supply in short in the second half."


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