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February 7, 2008 |
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HYNIX SEMICON: To Invest in China Plant to Boost DRAM Output Hynix Semiconductor Inc. will invest KRW1.5 trillion to KRW2 trillion in its plant in China to boost DRAM production, Korean Times reports. Kim Jung-soo, head of the company's investor relations team, told the news agency that through the investment, the company will increase the portion of DRAM chips to between 55% and 60% of the total from China as the monthly output capacity from the line will rise to more than 120,000 from the current some 100,000. According to the report, Hynix said it will invest KRW3.6 trillion this year to upgrade factory facilities and sharpen production of more profitable NAND chips. Other investments will go in the M11 line in Cheongju, North Chungcheong Province, with production set for the second half of this year to speed up the ongoing shift to NAND from DRAM chips as DRAM prices have plunged, the report notes. The company, the report notes, is set to churn out a maximum of 30,000 DRAMs from the first quarter of this year in Taiwan after it signed a deal with Taiwan-based ProMOS technology last year. Hynix expects its shipments of DRAM chips to rise 55 to 60% this year in line with the market's growth, while the company also forecasts its global NAND chip shipments grow 120 to 130%, the report adds. About Hynix Semiconductor Headquartered in Echon, South Korea, Hynix Semiconductor Inc. -- http://www.hynix.com/ -- is a semiconductor manufacturer. Through a merger with LG Semiconductor in 1999, Hynix Semiconductor now has the world's largest dynamic random access memory chip production capacity as well as the industry's best technical development capacity by fully exploiting synergies resulting from the historical integration of both companies. The company has operations in Russia, and the United States. * * * The Troubled Company Reporter-Asia Pacific reported on June 19, 2007, that Moody's Investors Service upgraded to Ba2 from Ba3 Hynix Semiconductor Inc's senior unsecured bond rating and corporate family rating. At the same time, Moody's assigned a Ba2 senior unsecured bond rating for Hynix's proposed US$500 million issuance. Moody's said the outlook for the ratings is stable. |
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