Hynix revenues up, loss reduced

October 23, 2003 – Korea’s Hynix Semiconductor reported 3Q03 revenues (not including overseas subsidiaries) of $832 million, up 27% from 2Q03, due in part to a 20% jump in DRAM ASPs. Memory products made up 83% of sales. Thanks to gains in accounting changes and a reduction in inventory write-offs, Hynix reported a net income of $112.5 million, compared with a 2Q03 net loss of $445 million.


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