Hynix posts record operating profit in third quarter

Oct 29, 2013

South Korean chipmaker SK Hynix on Tuesday posted a record operating profit in the third quarter to September, boosted by strong demand from phone manufacturers and higher chip prices.

The world's second-largest memory chipmaker after Samsung Electronics said operating profit for July-September surged to 1.16 trillion won ($1.09 billion), a reverse from a 24 billion won deficit a year earlier.

Sales jumped 68.5 percent on-year to a record 4.08 trillion won on the back of sales of NAND flash , which store data in smartphones and digital cameras.

Rising prices for higher dynamic random access memory chips, or DRAM, also fuelled profits.

The average DRAM price was five percent higher than the previous quarter, offsetting a two-percent slide in shipments of the device following a September fire at the company's main plant in Wuxi in China's Jiangsu Province.

The chipmaker has yet to fully restart operations at the facility, whose output accounts for roughly 15 percent of global computer memory chips.

Explore further: S. Korea's Hynix posts record operating profit

add to favorites email to friend print save as pdf

Related Stories

Chip growth leads Samsung to another record profit

Oct 25, 2013

Samsung Electronics Co. reported another record quarterly profit as a revival in its semiconductor business and strong shipments of cheaper handsets offset flat sales of high-end smartphones.

China fire rattles world chip supply chain

Sep 12, 2013

A fire at a giant Chinese factory making almost one sixth of the world's supply of a key high-tech component shows how vulnerable global manufacturing chains can be to an unexpected event, analysts say.

S. Korea's Hynix swings to red in Q4 on poor demand

Feb 02, 2012

South Korea's Hynix Semiconductor, the world's second-largest maker of memory chips, said Thursday it swung into the red in the fourth quarter as chip prices fell on weak demand for personal computers.

Recommended for you

New US-Spanish firm says targets rich mobile ad market

4 hours ago

Spanish telecoms firm Telefonica and US investment giant Blackstone launched a mobile telephone advertising venture on Wednesday, challenging internet giants such as Google and Facebook in a multi-billion-dollar ...

Technip, Heerema win third giant Angolan oil contract

7 hours ago

The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.

Yahoo sees signs of growth in 'core' (Update)

22 hours ago

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business.

User comments : 0

More news stories

Quantenna promises 10-gigabit Wi-Fi by next year

(Phys.org) —Quantenna Communications has announced that it has plans for releasing a chipset that will be capable of delivering 10Gbps WiFi to/from routers, bridges and computers by sometime next year. ...

Floating nuclear plants could ride out tsunamis

When an earthquake and tsunami struck the Fukushima Daiichi nuclear plant complex in 2011, neither the quake nor the inundation caused the ensuing contamination. Rather, it was the aftereffects—specifically, ...

Unlocking secrets of new solar material

(Phys.org) —A new solar material that has the same crystal structure as a mineral first found in the Ural Mountains in 1839 is shooting up the efficiency charts faster than almost anything researchers have ...

Patent talk: Google sharpens contact lens vision

(Phys.org) —A report from Patent Bolt brings us one step closer to what Google may have in mind in developing smart contact lenses. According to the discussion Google is interested in the concept of contact ...

How kids' brain structures grow as memory develops

Our ability to store memories improves during childhood, associated with structural changes in the hippocampus and its connections with prefrontal and parietal cortices. New research from UC Davis is exploring ...