hynix Semiconductor Inc. Reports the Results for the Fourth Quarter of FY2009

Seoul, January 21st, 2010

hynix Semiconductor Inc. (‘hynix’, www.hynix.com) today announced the earnings results for its fourth quarter 2009, ended December 31, 2009.

Consolidated sales of the fourth quarter of fiscal year 2009 totaled 2.8 trillion won, increased by 32% compared to previous quarter’s 2.12 trillion won. The increase was mainly due to the shipment growth of both DRAM and NAND Flash as well as the average selling price improvement of DRAM.

Quarter-over-quarter, DRAM average selling price and shipment increased by 26% and 12% respectively, while NAND Flash experienced average selling price drop of 5% with bit growth of 37%.

Operating income for the fourth quarter has substantially expanded to 708 billion won from 209 billion won in the previous quarter with operating margin of 25% mainly due to revenue increase and unit cost reduction. Net income for the quarter reached 657 billion won from 246 billion won in the third quarter, 2009.

Meanwhile, consolidated sales of fiscal year 2009 amounted to 7.91 trillion won increased by 16% from 6.82 trillion won of 2008. Operating profit totaled 192 billion won, turning to a profit from the loss of 1.92 trillion won for 2008. Net loss for the year amounted to 333 billion won due to interest expense and other expenses which include provisions for the contingent liabilities.

Please note that the financial results discussed herein are preliminary and speak only as of December 31, 2009. Readers should not assume that this information remains operative at a later time. In addition, this information may include forward-looking statements that involve a variety of risks and uncertainties that could cause actual results to differ materially. For further discussion of these risks and uncertainties, readers should refer to hynix Semiconductor Inc.’s filings with the Korea Exchange. This document is neither an offer to sell nor a solicitation of an offer to sell any security of hynix.

About hynix Semiconductor Inc.

hynix Semiconductor Inc. (HSI) of Icheon, Korea, is the world’s top tier memory semiconductor supplier offering Dynamic Random Access Memory chips (“DRAMs”) , Flash memory chips (“NAND Flash”) and CMOS Image Sensor (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about hynix is available at www.hynix.com.