Monday, February 13, 2006
Hynix Semiconductor posted a 500% jump in NAND flash memory sales in 2005, according to iSuppli Corp.
Hynix’s NAND flash memory revenue rose to $1.4 billion in 2005, up 525 percent from $221 million in 2004. The South Korean chipmaker’s strong performance allowed it to surpass Japan’s Renesas Technology Corp. and take the number-three rank in NAND flash memory sales in 2005, up from fourth place in 2004.
Hynix gained momentum at the end of year, with more than 40 percent, or $600 million, of its 2005 NAND revenue coming in Q4, putting the company within $80 million of rival Toshiba, which posted revenue of $680 million for Q4. Hynix intends to boost production of its cost-effective Multi-Level Cell flash memory this year, as it makes a run for the number-two ranking. In a recent conference call, Hynix announced it would devote $3.4 billion to semiconductor capital spending this year, iSuppli noted.
By: DocMemory
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