WUXI, China and ICHEON, Korea — September 6th, 2007
hynix Semiconductor Inc. (“hynix”, www.hynix.com) announced that hynix – ST Semiconductor Ltd, the joint venture between hynix and STMicroelectronics, has signed a contract to sell the equipment of 200mm C1 line of the Wuxi plant to a Chinese conglomerate, China Resources (Holdings) Co., Ltd. (“CRH”).
hynix has considered various ways to utilize existing 200mm in accordance with the plan of expanding 300mm capacity. In terms of boosting efficient lines, some are to upgrade among 200mm in order to continuously produce chips and others are planned to sell. The contract of selling chip equipment was also accomplished as a part of this plan.
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”) and Flash memory chips to a wide range of established international customers. The Company’s shares are traded on the Korea Stock Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about hynix is available at www.hynix.com
About China Resources (Holdings) Co., Ltd.
China Resources is one of the leading conglomerates in Hong Kong and the Chinese Mainland serving people’s daily lives. Its core businesses are the manufacturing of consumer goods and distribution, properties and related industries, infrastructure and public utilities.
As at the end of 2006, China Resources had a total asset of about HK$ 160 billion and an annual turnover of HK$ 94 billion. The Company employed about 200 thousand staff worldwide. China Resources has several listed companies in Hong Kong, including China Resources Enterprise (291), China Resources Logic (1193), China Resources Power (836), China Resources Land (1109), and CSMC Technologies Corporation(597).
