South Korea-based memory maker Hynix Semiconductor said recently that its sales, operating profits, and net profits all rose sequentially, with its net profits jumping 115% on quarter, due to DRAM price increase from seasonal demand pick-up, sales increase in the fast-growing NAND flash memory segment, and cost reduction through productivity improvements.

The company had unconsolidated revenues of 1.5 trillion won (US$1.4 billion) and operating profits of 378 billion won (US$362 million), which are up by 21% and 77%, respectively, when compared with the second quarter. Its net profits reached 512 billion won (US$491 million) for the third quarter, which is a 115% increase from the previous quarter’s 238 billion won (US$228).

The improved net profits was mainly due to increases in non-operating income such as gains on profit increases at its overseas subsidiaries and gains resulting from the sale of its ownership in Hyundai Autonet.

Throughout the third quarter, Hynix achieved 3% and over 80% of bit growth quarter-over-quarter in DRAM and NAND flash, respectively, increased its 12-inch wafer capacity (M10) to approximately 25,000 wafers per month, expanded the proportion of 90nm technology for DRAM production and increased 2Gbit NAND flash memory production using 90nm technology.

Meanwhile, the consolidated revenue for the third quarter was 1,599 billion won (US$1.5 billion), operating profit was 495 billion won (US$474 million), and net income was 529 billion won (US$506 million) which is a sequential increase of 26%, 86% and 123% respectively.

By: Docmemory
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