SEOUL, Nov. 4 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, aims to triple its NAND flash sales in the next five years with the acquisition of Intel Corp.’s non-volatile memory business unit, its CEO said Wednesday. In a rare conference call appearance, SK hynix CEO Lee Seok-hee explained the company’s 10.3 trillion-won [...]
SEOUL, Nov. 4 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, on Wednesday reported estimate-beating third-quarter earnings on the back of a recovery in demand for mobile chips amid the pandemic. Its net profit stood at 1.07 trillion won (US$950.4 million) in the third quarter of the year, up 117.5 percent from a [...]
SEOUL, Oct. 29 (Korea Bizwire) — Lee Seok-hee, the CEO of SK hynix Inc., said Thursday he believes the company’s 10.3 trillion won (US$9 billion) acquisition of Intel Corp.’s NAND memory business is not an expensive deal. South Korea’s No. 2 chipmaker last week announced it agreed to buy Intel’s non-volatile memory unit for $9 [...]
SEOUL, Oct. 25 (Korea Bizwire) — Samsung Group chief Lee Kun-hee, who died Sunday at the age of 78, has been recognized as a figure who led the tech giant to become the world’s leading player in the semiconductor and mobile phone sectors with his unrivaled insights. When Lee first took the helm of Samsung [...]
SEOUL, Oct. 23 (Korea Bizwire) — SK hynix Inc.’s acquisition of Intel Corp.’s NAND memory business will bring positive results to the company, analysts here said Friday, as it can beef up profitability and technological prowess in the sector. South Korea’s No. 2 chipmaker on Tuesday announced a 10.3 trillion-won (US$9 billion) deal to buy [...]
SEOUL, Oct. 20 (Korea Bizwire) – SK hynix Inc., South Korea’s No. 2 chipmaker, said Tuesday that it will buy the NAND business of U.S. semiconductor giant Intel Corp. in a deal worth 10.3 trillion won (US$9 billion) to help the company vault to become the world’s second-largest NAND flash chipmaker. SK hynix said it will [...]
SEOUL, Oct. 15 (Korea Bizwire) — Samsung Electronics Co. dominated the global market for smartphone memory chips in the first half of the year, a report showed Thursday. In terms of revenue, Samsung maintained its top position in the smartphone memory market with a 49 percent share in the first six months of the year, [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea targets to develop up to 50 types of artificial intelligence-focused system semiconductors by 2030, the ICT ministry said Monday, as the country strives to take a leading position in the semiconductor sector beyond its traditional foothold in memory chips. AI chips refer to high performance and power [...]
SEOUL, Oct. 6 (Korea Bizwire) — SK hynix Inc. said Tuesday it has launched the world’s first Double Data Rate 5 (DDR5) DRAM, as South Korea’s No. 2 chipmaker strives to expand its presence with the next-generation memory product. SK hynix’s 16 Gigabit (Gb) DDR5 DRAM, which was developed in 2018 using 1Ynm process technology, [...]
SEOUL, Oct. 4 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, is expected to report mediocre third-quarter earnings in the face of memory price decline, analysts here said Sunday. SK hynix was projected to log 7.9 trillion won (US$6.7 billion) in sales in the July-September period, up 15.5 percent from a year [...]