CHEONGJU, May 7 (Korea Bizwire) — The city of Cheongju has seen its local corporate income taxes double due to SK Hynix‘s record sales last year. According to a May 6 statement from city officials, a record-high 88.8 billion won (US$ 82.1 million) in local corporate income taxes was collected, far beyond the city’s estimate of [...]
SEOUL, April 22 (Korea Bizwire) — South Korean chipmaker SK hynix saw its global ranking move up a notch to become the world’s fourth-largest player in the segment in 2014, data showed Wednesday. SK hynix saw its revenue reach US$16.1 billion last year, outpacing Micron Technology by $3 million, the data compiled by IHS Technology showed, narrowing [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s presence in the global market for dynamic random access memory (DRAM) hit a record high last year, data showed Thursday, as Samsung Electronics continued to secure its seat on the throne on the back of its latest 20-nanometer products. Asia’s fourth-largest economy took up 67.7 percent of the [...]
“It’s possible from the early second half that SK hynix will start mass production of lower 20-nanometer class dynamic random access memory (DRAM). We’ll spare no efforts to achieve our vision of becoming the world’s best memory chip solution company.” – Park Sung-wook, the chief executive officer of SK hynix SEOUL, March 20 (Korea Bizwire) – [...]
SEOUL, Feb. 12 (Korea Bizwire) — The combined share of Samsung Electronics and SK hynix, South Korea’s chip giants, in the global DRAM market stood at over 70 percent for the first time in the fourth quarter of 2014, data showed Thursday. Their portion together came to 70.4 percent as of the end of December, up from [...]
SEOUL, Feb. 9 (Korea Bizwire) – South Korea’s chip giant SK hynix Inc. said Monday it has started supplying its up-to-date memory chip for LG Electronics Inc.’s new flagship smartphone lineup, in its latest push to grab a bigger market share with the new mobile component as it vies against home rival Samsung Electronics [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix saw its share of the NAND flash market rise in the fourth quarter of 2014 from three months earlier, narrowing its gap with industry leader Samsung Electronics, data showed Sunday. SK hynix saw its market share reach 11.4 percent in the October-December period, up [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s No. 2 chipmaker, SK hynix Inc., on Wednesday reported all-time high earnings in 2014, marking the second consecutive year of a record-breaking performance. Net profit came to 4.1 trillion won (US$3.87 billion) in 2014, up 46 percent from the 2.87 trillion won posted a year earlier, the [...]
SEOUL, Nov. 19 (Korea Bizwire) – The amount of fines imposed on Korean companies for collusion by foreign authorities since 2010 totaled about 1.7 trillion won. According to the Korean Fair Trade Commission on November 18, the amount of fines that competition authorities of various countries imposed on Korean cartels over the past five years starting from 2010 is [...]
SEOUL, Aug. 22 (Korea Bizwire) – SK Hynix employees are expected to receive the greatest pay raises ever as its performance hit the record this year. Acquired by SK Group, the company has gotten huge investment in production facilities and R&D under an adverse semiconductor market condition, which leads to its great performance. SK Hynix announced [...]