Hynix storms in on DRAM results

Korean DRAM giant Hynix Semiconductor said that it turned in strong performance for its second quarter.

Revenues totalled 3.28 trillion won ($1=1,203.87 won), up from 2.82 trillion won in the previous quarter. Hynix described it as the best sales record ever, with strong market demand and better adverage selling prices (ASPs) for DRAM.

DRAM ASPs rose by six percent, while NAND Flash ASPs fell by six percent. NAND bit shipments rose by 22 percent, quarter over quarter.

Operating profit was up to 1.05 trillion on margins of 32 percent, compared to operating profit of 799 billion won in the previous quarter.

Net profits, however, fell to 665 billion won compared with 822 billion won, a fall of 19 percent. Hynix said the reason for the difference between operating profit and net profit were net foreign currency transaction and translation losses, and net interest expense and loss from the early redemption of convertible bonds.

Hynix said that it is migrating to 40 nanometre process technology for its DRAM business and will finish developing 30 nanometre process technology by the end of the year. It will focus on making more DDR3 and speciality products.

For NAND, it intends to start mass producing 20 nanometre chips in the second half of this year.