Hynix, Micron Technology initiate preliminary discussions

Dec. 3, 2001 – Seoul, Korea & Boise, ID – Hynix Semiconductor Inc., and Micron Technology Inc. will engage in discussions regarding a possible strategic alliance or other transaction. These discussions will be exploratory in nature.

Steve Appleton, chairman and CEO of Micron, and C. S. Park, chairman and CEO of Hynix said that both companies are evaluating a broad array of strategic options.

Park further commented, “This effort represents a part of Hynix’s ongoing evaluation of possible steps to maximize stakeholder value in the face of an unprecedented downturn in the semiconductor industry.”


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