Seoul, Korea – December 17th, 2008
The U.S. Department of Justice (“DOJ”) and the E.U. Commission have both notified hynix Semiconductor America and hynix Semiconductor Inc. (“hynix”) that they have closed their respective investigations into possible antitrust violations regarding static random access memory (“SRAM”).
hynix fully cooperated with the investigations, which began in October of 2006, and maintained throughout that it had committed no wrongdoing. The investigations are now closed, and no charges have been brought against any hynix entity.
“It is unfortunate that the current system requires companies to spend significant resources responding to such investigations, even if they are without a solid basis,” said Mr. M G Choi, hynix Senior Vice President of Corporate Strategy.
hynix will now focus its attention on dismissing the U.S. class action lawsuits. “These lawsuits were filed immediately after the investigations were made public, and the plaintiffs’ lawyers were evidently hoping to ride on the coattails of the government investigation. Now that they can no longer do so, we will vigorously pursue dismissal of these cases,” said Mr. Choi.
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
Media Contact
CORPORATE COMMUNICATIONS
Assistant Manager
Seong-Ae Park
Phone: +82.2.3459.5325
Fax: +82.2.3459.5333
E-Mail: seongae.park@hynix.com
