Press Release

hynix Semiconductor Inc. Reports Second Quarter 2011 Results

By July 21, 2011 December 7th, 2020 No Comments

The financial information of the earnings in this press release is written based on K-IFRS.

Seoul – July 21st, 2011

hynix Semiconductor Inc. (‘hynix’ or ‘the Company’, today announced financial results for its second quarter 2011, ended June 30, 2011.

The Company posted the consolidated second quarter revenue of 2.76 trillion won slightly decreased due to the Korean won appreciation from 2.79 trillion won of the previous quarter. Operating profit was 447 billion won with operating margin of 16%, improved from the previous quarter of 323 billion won. The increase includes the reversal of provisions for the Rambus case. Net income for the quarter was 473 billion won increased by 73% compared with 274 billion won of the previous quarter. Net income was positively impacted by net foreign currency translation and transaction income and other non-operating income.

Over the previous quarter, DRAM bit shipments of the second quarter was flat and the average selling price declined 1%. NAND Flash bit shipments climbed 36% while the average selling price declined 19% over the previous quarter.

The second quarter started off with demand growth as supply concerns resulting from the Japanese earthquake. However, this trend reversed in the latter part of the quarter due to weaker than expected demand from the increasing global economic uncertainties. On the supply side, unlike market concerns, supply disruptions due to the earthquake did not materialize.

hynix plans to increase 30nm class process products which have been produced from the first quarter of this year to around 40% by the end of this year in DRAM business. The sales portion of non-PC DRAMs was 70% in the second quarter and the Company plans to maintain this through year-end. For the NAND Flash business, the 2Xnm class process portion was around 50% at the end of the second quarter and we will increase it to mid 70% by the end of this year. The mass production of the next generation 2Ynm class process will be started in the second half of this year as planned.

FY2011 Q2 Earnings

Consolidated BasisUnit : Billion KRW

2011 Q2 2011 Q1 QoQ 2010 Q2 YoY
Revenue 2,758 2,793 -1% 3,280 -16%
Operating Profit 447 323 38% 1,016 -56%
Operating Profit Margint 16% 12% 4%p 31% -15%p
Net Income 473 274 73% 719 -34%

※ The financial information of the earnings is written based on K-IFRS.

Please note that the financial results discussed herein are preliminary and speak only as of June 30, 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 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



Media Contact

SK hynix Inc.

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