Hynix Semiconductor Inc.
SEO:000660 ISIN:KR7000660001
Hynix Semiconductor Inc. is a semiconductor manufacturer. The Company is engaged in the developing and manufacturing of double-data-rate (DDR) random access memory, Rambus and ultra-high-speed dynamic random access memory (DRAM) products. The Company also offers a full range of static random access memory (SRAM) products and flash memory products for high-volume applications. Its products have applications in cellular phones, digital versatile disk players, personal computers, set-top boxes, personal digital assistants, hard disk drives, modems and a variety of telecommunications and networking equipment. In addition, the Company's semiconductor-manufacturing service unit is involved in the solution development and foundry of application-specific integrated circuits (ICs), such as liquid crystal display (LCD) driver ICs, micro controller units, complementary metal oxide semiconductor (CMOS) image sensors, Bluetooth and radio frequency (RF) device chips, and set-top box components.
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South Korea's Hynix Semiconductor Inc. (SEO:000660), the world's No. 2 memory chipmaker, posted the highest first quarter earnings in its history with a 2.82 trillion won registered sales. The company posted a 799.1 billion won operating profit on a consolidated basis, compared to an operating loss of 514.6 billion won a year earlier, thanks to strong chip prices.
Wall Street's modest gain overnight provided Asian stocks a positive lead, but lingering concerns over China's monetary policy could drag the regional markets today. Investors may keep cautious ahead of policy meetings by the US Federal Reserve and the Bank of Japan this week. Yesterday most Asian markets were lower. Japan's Nikkei 225 ended flat and South Korea's Kospi fell 0.8 per cent. China's Shanghai Composite lost 1.2 per cent, and Hong Kong's Hang Seng Index declined 0.6 per cent amid fears of Chinese government's possible credit tightening measure.
Asian share markets continue a winning streak on Thursday following the good leads from Wall Street. Japan's Nikkei stock index rose in early trade as exporters were lifted by confidence in global recovery. Korean central bank decided to keep rates unchanged at a record-low 2 per cent.
Japanese PC memory maker Elpida Memory Inc (TYO:6665) said its production subsidiary, Taiwan firm Rexchip Electronics Corp, turned profitable in July-September on rising prices of Dynamic Random Access Memory (DRAM). Rexchip is expected to report a net profit of almost 1 billion yen for the quarter, the first time to make operating net profits in five quarters.
Hyosung Group (SEO:004800) has made an offer to buy a 28 percent stake in Hynix Semiconductors (SEO:000660), the world's No. 2 memory chip maker after Samsung Electronics (SEO:005930).
Japan's Elpida Memory Inc (TYO:6665) said that it plans to more than double its output of advanced DRAM chips for high-speed computers and servers next month, pushing its shares higher on Monday.
Asian markets Friday opened mixed. Japan's Nikkei traded lower in the morning, but the Japanese financial stocks surged after the rise on Wall Street overnight. Hong Kong opened flat as investors were cautious ahead of the earnings reports.
Most Asian markets opened firmer Thursday following Wall Street's rebound overnight lifted by better-than-expected economic figures.
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