Press Release

SK hynix Inc. Reports First Quarter 2012 Results

By April 26, 2012 December 7th, 2020 No Comments

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

Seoul, April 26, 2012

SK hynix Inc. (or ‘the Company’, today announced financial results for its first quarter 2012 ended March 31, 2012.

The consolidated first quarter revenue was 2.39 trillion won decreased by about 6% from 2.55 trillion won of the previous quarter. Operating loss was 260 billion won which was increased from 167 billion won of the previous quarter with an operating margin of negative 11%. It reflected a non-recurring expense of a special bonus. Net loss for the quarter was 271 billion won.

During the quarter, the downturn trend of memory semiconductor prices lasted due to slow seasonal demand and intensified competition among suppliers in the market except for PC DRAM. In terms of DRAM, the Company achieved the revenue equivalent to the level of the previous quarter by actively responding to the PC, Server and Consumer markets. The bit shipments growth of DRAM and NAND Flash each was 9%, 2% but the average selling price declined 10% and 16% respectively.

SK hynix is to progress a technology migration to 30nm class in terms of non-PC DRAMs such as mobile and server products. Therefore, the 30nm class portion will eventually reach to high-60% of total DRAMs by the end of the second quarter. In addition, the Company plans to complete the preparation for mass production using 20nm class process technology and it will supply the products from the second half.

In NAND Flash business, the proportion of combining 2Xnm and the next generation of 2Ynm products will be over 90% at the end of the second quarter. Especially, the Company expands the mass production of the 2Ynm and the portion will reach to 20% at the end of the second quarter. Hence it will sustain the leading technology competitiveness and respond to the increasing demand accordingly. Also, the mass production at M12 FAB is to be started from the second half, after bringing equipment into the FAB in upcoming May.

FY2012 Q1 Earnings

Consolidated BasisUnit : Billion KRW

2012 Q1 2011 Q4 QoQ 2011 Q1 YoY
Revenue 2,388 2,553 -6% 2,793 -14%
Operating Profit -260 -167 -55% 323 N/A
Operating Profit Margint -11% -7% -4%p 12% -23%p
Net Income -271 -240 -13% 274 N/A

※ 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 March 31, 2012. 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 SK hynix 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 SK hynix Inc.

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”) , Flash memory chips (“NAND Flash”) and CMOS Image Sensors (“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 SK hynix is available at



Media Contact

SK hynix Inc.
Corporate Communications

Senior Manager
Seong-Ae Park
Phone: +82.2.3459.5325

Heeyoung Son
Phone: +82.2.3459.5316