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January 22, 2010

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Sales rise propels Hynix to profit in Q4

HYNIX Semiconductor Inc bounced back to profit in the fourth quarter of 2009 after a record loss the year before as sales surged and prices for its mainstay computer memory chips increased.

Hynix, the world's second-largest manufacturer of DRAM memory chips used in computers, earned 657 billion won (US$579.8 million) in the three months ended on December 31, it said yesterday in a release. It reported a net loss of 1.69 trillion won a year earlier.

Sales soared 85 percent to 2.8 trillion won from 1.51 trillion won the year before, Hynix said.

The result was the Icheon, South Korea-based company's second straight quarter of net profit. Hynix recorded its first net profit in two years for the third quarter as prices for memory chips rose amid a rapid recovery in the market.

Hynix ranks No. 3 in NAND flash memory chips, used in products such as digital cameras, music players and smart phones. It competes with world leader and South Korean rival Samsung Electronics Co as well as Japan's Toshiba Corp.

Hynix said that average selling prices for its DRAM chips surged 26 percent from the third quarter and shipments increased 12 percent. NAND flash memory prices, however, declined 5 percent. Shipments increased 37 percent.



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