Seoul, Korea, May 30, 2001
hynix Semiconductor Inc. (hynix, www.hynix.com) announced yesterday that it is to spin-off its Telecommunication System operation, following the recent separation of handset and ADSL operations early in May.
This move will complete the spin-off of all the businesses in the Telecommunications Unit by the end of first half of this year. A new corporation will be established in June and be officially launched July 1. System operation sales were 94.5 billion won last year. Mr. Hang Gu Bahk, Executive Vice President of the former telecommunications unit will be appointed to manage the new company. He has worked at the Electronics and Telecommunications Research Institute (ETRI) as head of the Mobile Telecommunications research department.
Mr. Park joined Hyundai Electronics in 1997. hynix completed the spin-off of non-core business units such as the satellite service and customer service operation. With the recent separation of the handset, ADSL and system operation divisions, hynix has reaffirmed its continuing commitment to restructuring solely as a focused Semiconductor company.
About hynix Semiconductor Inc.
hynix Semiconductor Inc.(hynix) of Ichon, Korea, is an industry leader in the development, sales, marketing and distribution of high-quality semiconductors (including DRAM, SRAM, Flash memory and system IC devices), telecommunications and liquid crystal displays. The Semiconductor Group of hynix is the world’s largest DRAM supplier with 11 semiconductor manufacturing facilities worldwide, and production capacity of over 300,000 wafer starts per month. In addition, hynix is expanding its system IC business unit with leading technology and added deep-submicron foundry services to strategically broaden its overall semiconductor presence and achieve its goal of leading the global semiconductor market. Based in Korea, hynix maintains development, manufacturing, sales and marketing facilities strategically located worldwide. More information on hynix Semiconductor Inc. and its products is available from the company’s web site at http://www.hynix.com.
### “These materials are not an offer for sale of the Securities in the United States. The 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. hynix Semiconductor Inc. does not intend to register any portion of the offering in the United States or to conduct a public offering of Securities in the United States.”
