hynix Semiconductor Inc. Reports the Results for the First Quarter of FY2010

Seoul, April 22nd, 2010

hynix Semiconductor Inc. (‘hynix’, www.hynix.com) today announced the earnings results for its first quarter 2010, ended March 31, 2010. Consolidated revenues of the first quarter of fiscal year 2010 totaled 2.82 trillion won slightly increased from 2.80 trillion won of the previous quarter. Such strong performance resulted in a new quarterly sales record.

The increase was mainly due to a favorable memory market condition and shipment growth of DRAM as well as the average selling price improvement. Quarter-over-quarter, DRAM average selling price and bit shipment climbed by 3% and 6% respectively.

NAND Flash average selling price declined by 8% sequentially while bit shipment remained flat. Operating profit reached 799 billion won with operating margin of 28%, further improved from the previous quarter’s 708 billion won. This is the highest operating profit for the first quarter basis mainly due to increased DRAM sales.

The technology migration and DDR3 expansion also contributed to this record. Net income for the quarter was 822 billion won posting a 25% increase compared with 657 billion won of the previous quarter. The primary reason for the difference between the operating profit and net profit was net interest expense of 76 billion won and net foreign currency transaction and translation gain of 113 billion won.

FY2010 Q1 Earnings

Consolidated BasisUnit : Billion KRW

	2010 Q1	2009 Q4	QoQ	2009 Q1	YoY
Revenue	2,821	2,799	1%	1,313	115%
Operating Profit	799	708	13%	-515	N/A
Operating Profit Margint	28%	25%	3%p	-39%	68%p
Net Income	822	657	25%	-1,178	N/A

Parent Company BasisUnit : Billion KRW

	2010 Q1	2009 Q4	QoQ	2009 Q1	YoY
Revenue	2,779	2,667	4%	1,198	132%
Operating Profit	747	593	26%	-652	N/A
Operating Profit Margint	27%	22%	5%p	-54%	81%p
Net Income	817	652	25%	-1,195	N/A

Please note that the financial results discussed herein are preliminary and speak only as of March 31, 2010. 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.