Thursday, July 22, 2010
South Korea's Hynix Semiconductor Inc. posted record sales for its second quarter ended June 30.
Hynix also said that it will focus on accelerating the migration to 40-nm-class process in its DRAM business. It plans to complete the development of 30-nm-class process technology within this year. It aims to further expand its sales portion of DDR3 and specialty products. For the NAND flash business, it will expand the portion of 30-nm-class products and the mass production of 20-nm-class process will be started in the second half of this year.
Hynix posted stellar results. Consolidated revenues for the second quarter of fiscal year 2010 totaled 3.28 trillion won ($2.7 billion), a 16 percent jump from the previous quarter and a 96 percent increase from the like period a year ago. Consolidated net income for the quarter was 665 billion won ($542.2 million), a 19 percent drop from the previous quarter and down 58 percent from a year ago.
This represented record sales for Hynix. The increase was mainly driven by strong market demand as well as the average selling price improvement of DRAM.
The primary reasons for the difference between the operating profit and net profit were net foreign currency transaction and translation loss and net interest expense and loss arose from early redemption of convertible bonds which was issued in December, 2007.
Quarter-over-quarter, DRAM average selling price and bit shipment climbed by 6 percent and 7 percent respectively. NAND flash average selling price declined by 6 percent while bit shipment increased by 22 percent quarter-over-quarter.
By: DocMemory
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