SEOUL, Sept. 6 (Korea Bizwire) — White-collar employees and engineers at SK hynix Inc. on Thursday announced the launch of a new labor union, calling for the management to adopt a transparent evaluation system for workers. The SK hynix division of the Korean Chemical & Textile & Food Workers’ Union said it has officially opened [...]
SEOUL, Jul. 30 (Korea Bizwire) — South Korea vowed Monday to invest 1.5 trillion won (US$1.34 billion) over the next 10 years to maintain its global competitiveness as the country’s industry minister visited key semiconductor production lines of Samsung Electronics Co. and SK hynix Inc. “In order to have South Korea maintain its reputation as [...]
SEOUL, Jul. 27 (Korea Bizwire) — SK hynix Inc. said Friday it will build a new semiconductor fabrication (FAB) plant at its headquarters in Icheon, southeast of Seoul, seeking to cope with the rising demand for memory chips around the globe. South Korea’s No. 2 chipmaker said the construction will begin later this year, which [...]
SEOUL, Jul. 18 (Korea Bizwire) — SK hynix Inc. said Wednesday it will join forces with three of its subcontractors to carry out joint research and development projects as part of its efforts to seek shared growth. The chipmaker said it will provide “comprehensive technological support” to MiCo Ltd., UBmaterials Inc. and TEMC for the [...]
SEOUL, Jul. 10 (Korea Bizwire) — South Korea’s No. 2 chipmaker, SK hynix Inc., said Tuesday it will establish a joint venture in China to build a new 200 mm wafer analog foundry production line. The chipmaker said its wholly owned subsidiary SK hynix System IC Inc. will build a new production line in the [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean chipmakers are expected to pay large bonuses to their workers this month amid the prolonged boom in the global semiconductor market, corporate sources said Tuesday. Samsung Electronics Co. told its workers that the company will provide target-achievement incentives, handed out every six months, this week. The amount [...]
SEOUL, Jun. 5 (Korea Bizwire) — Last year, semiconductors accounted for 17.4 percent of all exports from South Korea. With aggregate semiconductor exports totaling $92.7 billion, 39.5 percent ended up in China, and 27.2 percent in Hong Kong. In short, the value of Korean semiconductors exported to China accounted for 11.6 percent of all South [...]
ICHEON, May 8 (Korea Bizwire) — SK hynix revealed yesterday that the company had paid 190 billion won in local corporate taxes this year to the government of Icheon in Gyeonggi Province, home to its headquarters and factory. This is a more than fivefold increase from 35.2 billion won in taxes paid last year. Local [...]
SEOUL, Apr. 24 (Korea Bizwire) — SK hynix Inc. said Tuesday its first-quarter net profit advanced 64.4 percent on-year to post its second-highest quarterly report ever, helped by the continued industrywide boom around the globe. Net profit came to 3.1 trillion won (US$2.89 billion), rising 64.4 percent from 1.89 trillion won posted a year earlier, [...]
SEOUL, March 28 (Korea Bizwire) – South Korea’s No. 2 chipmaker SK hynix said Wednesday it plans to maintain its lead in the Chinese market by focusing on quality products, amid concerns that Beijing may reduce imports of South Korean chips by buying more from the United States. “The Chinese market calls for products with [...]