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: Chip growth leads Samsung to another record 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

Facebook sues law firms, claims fraud

26 minutes ago

Facebook is suing several law firms that represented a man who claimed he owned half of the social network and was entitled to billions of dollars from the company and its CEO Mark Zuckerberg.

IBM 3Q disappoints as it sheds 'empty calories'

31 minutes ago

IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile ...

MasterCard, Zwipe announce fingerprint-sensor card

Oct 18, 2014

On Friday, MasterCard and Oslo, Norway-based Zwipe announced the launch of a contactless payment card featuring an integrated fingerprint sensor. Say goodbye to PINs. This card, they said, is the world's ...

Apple starts iPhone 6 sales in key China market

Oct 17, 2014

Apple began selling its latest iPhone in China Friday, nearly a month after other major territories due to a licence delay by regulators, but it faces a tough battle with rivals led by Samsung in the crucial ...

User comments : 0