Seoul, Korea, February 8, 2001
Hyundai Electronics Industries Co., Ltd. (HEI) has signed a contract with Hewlett-Packard (HP) to exclusively supply HP with memory components. HP recently announced their entrance into the personal computer (PC) market in Korea and HEI, as the world’s largest manufacturer of semiconductors, will solely support HP with memory modules. HP will utilize HEI’s 64MB and 128MB memory modules for its most popular PC models, ‘Pavilion 8821’ and ‘Pavilion 8841/8871′, targeted for the local market. The two companies also agreed that each HP system produced with Hyundai memory will have a label indicating “Powered by HYUNDAI’ This contract will be recorded as a successful joint marketing endeavor between a major PC maker and chip manufacturer. We hope this will be the catalyst for further enhancing a cooperative relationship with HP.” said Mr. Dae Soo Kim, senior vice president, memory sales division, HEI. HP, representing 10% of the world’s desktop market, will receive a secure and consistent memory chip supply as a result of this exclusive contract with HEI. With superb technology, excellent product quality, and additional recognition by a major PC maker, HEI will continue as a main memory supplier to HP since signing a long term supply agreement last year. About Hyundai Electronics Industries Co., Ltd. Hyundai Electronics Industries Co., Ltd. (HEI) 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 Hyundai Electronics 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, Hyundai 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, HEI maintains development, manufacturing, sales and marketing facilities strategically located worldwide.
