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

Seoul, October 23rd, 2009

hynix Semiconductor Inc. (‘hynix’, www.hynix.com) today announced the earnings results for its third quarter 2009, ended September 30, 2009.

Consolidated sales of the third quarter of FY2009 totaled 2.12 trillion won, increased by 26% compared to previous quarter’s 1.68 trillion won with ASP and shipment of both DRAM and NAND Flash sequentially increased. Thanks to faster-than-expected market recovery, DRAM ASP and shipment increased by 26% and 12% respectively quarter-over-quarter. NAND Flash ASP climbed by 4% while shipment rose 5% sequentially.

Operating income recorded 209 billion won with operating margin of 10%, turning around from previous quarter’s negative 211 billion won. Driven by sales performance and business strategy focused on profitable products contributed to increasing operating income.

Depreciation and amortization expenses during the third quarter was 676 billion won. EBITDA amounted to 885 billion won increased by 94% from the second quarter, representing EBITDA margin of 42%.

Net income which recorded negative 58 billion won in the second quarter, also returned to the black generating profit of 246 billion won.

Please note that the financial results discussed herein are preliminary and speak only as of September 30, 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. hynix securities may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.

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.