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Hynix said in a filing to the Korea Exchange that it plans to invest 677.0 billion won (US$572.7 million) to expand an existing facility.
Reuters
Hynix will pay an estimated US$422.89 million for the 19.3% stake in the China-based joint venture, Hynix-Numonyx Semiconductor, according to Micron.
EE Times
IC Insights' recently updated Strategic Reviews Online database shows that most large memory and foundry companies performed extremely well in 1H10.
Company release
Shares of most DRAM makers have underperformed their respective benchmark indexes in Asia so far this year, as European sovereign-debt troubles surfaced and clouded views on global economic growth.
Marketwatch.com (Dow Jones)
Thirty-three states, including California, have reached a US$173 million settlement with six DRAM makers alleged to have fixed prices for their products between 1998 and 2002. The companies named in the lawsuit are Micron Technology and NEC Electronics America as well as Infineon Technologies, Hynix Semiconductor, Elpida Memory and Mosel Vitelic.
PC World
MagnaChip Semiconductor, which filed for bankruptcy protection in June 2009, has priced an initial public offering (IPO) of stock to raise about US$130 million. This is about half the amount it had originally said it planned to raise.
EE Times
Hynix Semiconductor has said it would invest 456 billion won (US$373.4 million) to boost and upgrade its production capacity.
Reuters
The US Court of Appeals for the Federal Circuit in Washington has rescheduled hearings for Oct. 7. Rambus has been involved in long-standing disputes with Hynix and Micron over patent infringement as well as antitrust issues.
PC World
Creditors rescued Hynix after it almost collapsed in 2001 under the weight of its debts. However, they have since struggled to find a local strategic buyer for Hynix, having excluded foreigners from the auction because of worries about sensitive technology information leaking outside of the country.
The Financial Times
Hynix Semiconductor said on May 31 it would raise its capital expenditure by a third to 3.05 trillion won (US$2.5 billion) this year to take advantage of a strong recovery in the global technology sector.
The Financial Times
Toshiba, Hynix, Micron and Elpida all moved up at least one position in the top 20 list, with Elpida jumping six spots.
Company release
The Commission has adopted a decision settling a cartel investigation and imposing a fine totalling about 331 million euros (US$409 million) on Samsung, Hynix, Infineon, NEC, Hitachi, Mitsubishi, Toshiba, Elpida and Nanya.
European Commission
"Current strong market conditions will last for at least another three or four quarters...we are considering raising (capital investment for this year) by 20-30%," according to Hynix CFO Kim Min-chul.
Reuters
European Union regulators are expected to fine nine makers of memory chips, including Samsung, Infineon and Hynix, this week on charges of illegally fixing prices. Others set to be fined are Elpida, NEC Electronics, Hitachi, Toshiba, Mitsubishi and Nanya.
New York Times
Hynix Semiconductor has said it sold 5-year bonds worth US$500 million abroad that could be converted into its shares at 34,580 won apiece.
Reuters
Hynix Semiconductor's board has approved the issuance of 557.9 billion won in five-year convertible bonds to secure operating funds and expand production capacity.
AFP (via Google)
In the NAND flash rankings for 2009, there is a surprise vendor on the list. According to Web-Feet Research, Samsung Electronics remained the leader in NAND flash in terms of share, followed in order by Toshiba and then SanDisk. SanDisk was ahead of Micron, Hynix and Intel.
EE Times
Hynix Semiconductor plans to reduce its debt by one trillion won (US$870m) in 2010 due to forecasts for record sales and supply shortages in the global semiconductor industry.
The Financial Times
Hynix Semiconductor has appointed Oh Chul Kwon as the new CEO of the company.
Company release
Hynix Semiconductor is targeting record revenues in 2010, driven by tight memory chip supply conditions, according to OC Kwon, who took over as Hynix's chief executive on Monday.
Reuters
Hynix Semiconductor creditors sold a 923.2 billion won (US$814 million) stake in the world's second-largest maker of computer-memory chips after three failed attempts.
Business Week
Hynix Semiconductor has said it would invest 465 billion won (US$410 million) to expand and upgrade its production capacity and research and development.
Reuters India
The deal will end years of litigation between companies - like Micron Technology, Hynix Semiconductor and Infineon Technologies - and indirect purchasers of DRAM memory chips, which includes California and several other states.
Law.com
Hynix Semiconductor creditors named Kwon Oh Chul as the new CEO of the world's second-largest maker of computer-memory chips. They also plan to sell 8% of Hynix in the first half of 2010 and another 5% in the second half if they fail to find a buyer.
Business Week
Leading shareholders of Hynix Semiconductor have attracted no bid for the memory chipmaker's controlling stake by the extended deadline and will likely have to unload a large chunk of their US$3.1 billion stake into the market.
Reuters
Creditors of memory-chip maker Hynix Semiconductor plan to name a new chief executive to replace Kim Jong-Kap, whose three-year term ends in March 2010.
Wall Street Journal
"We didn't use any of Samsung Electronics' copper-based processing technology in our memory lines. Hynix is confident we will be cleared of such allegations in court," CEO Kim Jong-kap told The Korea Times.
The Korea Times
That's good news for Samsung, but bad news for its memory rivals that use ASML's tools, such as Elpida, Hynix, IM Flash, Micron, Nanya and others. NAND rival Toshiba is said to use scanners from Nikon.
EE Times
Hynix Semiconductor has claimed it has developed a NAND flash memory chip using 26nm process technology, designed to hold 64 gigabits of data.
The Korea Times
The world's top two DRAM chipmakers have reiterated their bullish stance toward the market for 2010. But Hynix expressed a slight concern regarding oversupply at a time when rivals are ramping up their production.
The Korea Times
Prosecutors have arrested two executives from Applied Materials in Seoul, South Korea on charges of allegedly stealing Samsung process technology details and passing them on to Hynix.
EE Times India
Intel wants to avoid the cyclical, market share game in the NAND flash chip sector against the likes of Samsung, Hynix and Toshiba. But Intel dropped hints it wants to unseat Samsung as the No. 1 player in SSDs.
EE Times
European Union regulators are to charge ten memory chipmakers, including Samsung Electronics, Infineon and Hynix Semiconductor, with fixing prices in breach of EU antitrust rules.
Reuters
Creditors rescued Hynix after it almost collapsed in 2001 under the weight of its debts. Spurred on by the company's strong turnround and a brighter outlook for the semiconductor sector, creditors have been anxious to sell to recoup their original investment worth US$4.6 billion.
Finacial Times
Korea Exchange Bank has confirmed that the creditors of Hynix Semiconductor failed to receive any bids for their stake in the chip maker by the deadline.
Dow Jones (via The Wall Street Journal)
A person familiar with the situation has told Dow Jones Newswires that the stake sale process hasn't been going well with no particular company showing an interest in the Hynix stake.
Wall Street Journal
Hynix Semiconductor has agreed to pay US$3.32 million to settle a claim in the US accusing the company of price-fixing on memory chips, according to a US court record.
TradingMarkets
A settlement between Samsung Electronics Co. (005930.SE) and Rambus Inc. (RMBS) in their long-running legal battles could push co-defendents Micron Technology Inc. (MU) and Hynix Semiconductor Inc. (000660.SE) to do the same, instead of risking billions in potential damages.
Wall Street Journal
"We are open to any country, not just the UAE, to invest in the company..."
Business Week
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