Hynix Semiconductor posted a strong quarter with revenues up 18 percent sequentially and 23 percent year over year.

The Seoul-based company posted $2.08 billion (1.97 trillion won) in revenues for Q3 , compared with the previous quarter’s $1.77 billion (1.67 trillion won)

Hynix reported operating profit of $479.5 million (453 billion won) in Q3, a 17 percent increase from previous quarter’s $409.6 million (387 billion won) or which resulted in the operating margin of 23 percent, same as previous quarter.

“During the third quarter, a favorable market condition continued for DRAM,” the company said in a statement. “Demand was especially strong from PCs as more Vista-ready PCs are sold, while supply was tight, due to technology migration issues at some suppliers. Meanwhile, NAND flash market showed signs of improvements from August on the back of the launch of new MP3 players and increasing densities for flash cards and USBs.”

By: DocMemory
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