Press Release

hynix Semiconductor Inc. Reports First Quarter 2011 Results

By April 28, 2011 December 7th, 2020 No Comments

The financial information of the earnings in this press release is written based on K-IFRS. Previous earnings results have also been restated in compliance with K-IFRS.

Seoul – April 28th, 2011

hynix Semiconductor Inc. (‘hynix’ or ‘the Company’, today announced financial results for its first quarter 2011, ended March 31, 2011.

The Company posted the consolidated first quarter revenue of 2.79 trillion won slightly increased from 2.75 trillion won of the previous quarter. Operating profit was 323 billion won with operating margin of 12%, improved from the previous quarter of 294 billion won. Net income for the quarter was 274 billion won increased by 812% compared with 30 billion won of the previous quarter.

DRAM bit shipments of the first quarter increased by 15% over the preceding quarter while the average selling price declined 13%. NAND Flash bit shipments also climbed 15% and the average selling price was flat over the previous quarter.

During the quarter, the business environment was challenging with weak DRAM pricing trend and global economic uncertainties. Under these environments, hynix recorded increased features of all above over the fourth quarter, 2010 mainly due to the profitable and well balanced product portfolio and technology leadership.

hynix will focus on expanding 40nm class process to 60% by the end of the second quarter from 55% in the first quarter and plan to increase 30nm class process products which have been produced from the first quarter of this year to 40% by the end of this year in DRAM business. The sales portion of non-PC DRAMs also reached 70% out of total DRAM sales. The Company plans to increase it up to mid-70% level in the second quarter. For the NAND Flash business, hynix aims to increase its 2Xnm class process up to mid-50% by the end of the second quarter from 40% in the previous quarter. The mass production of the next generation 2Ynm class process will be started in the second half of this year.

FY2011 Q1 Earnings

Consolidated BasisUnit : Billion KRW

2011 Q1 2010 Q4 QoQ 2010 Q2 YoY
Revenue 2,793 2,751 2% 2,824 -1%
Operating Profit 323 294 10% 742 -56%
Operating Profit Margint 12% 11% 1%p 26% -14%p
Net Income 274 30 812% 808 -66%

※ The financial information of the earnings is written based on K-IFRS.
※ Previous earnings have also been restated in compliance with K-IFRS.

Please note that the financial results discussed herein are preliminary and speak only as of March 31, 2011. 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, 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



Media Contact

SK hynix Inc.

Assistant Manager
Seong-Ae Park
Phone: +82.2.3459.5325
Fax: +82.2.3459.5333