Hynix becomes SK group member, focuses on semiconductor leadership beyond memory

March 26, 2012 — Hynix officially became a member of SK group, energy and telecommunications conglomerate, changing its name to SK Hynix.

SK Hynix plans to expand its scope from a memory semiconductor provider to a global leading semiconductor supplier. This includes bolstering its mobile dynamic random access memory (DRAM), NAND flash, and CMOS image sensor (CIS) sectors for the global transition to mobile electronic devices. Another part of SK Hynix’s new roadmap is enhanced positioning in China, under the banner "China Insider." SK Hynix will focus on System IC business as well.

SK group calls SK Hynix a "future growth engine" that can combine semiconductors with SK group’s core telecommunications business. The addition allows SK group to accelerate its global business management and the company will invest in human resouces to grow.
SK Hynix also introduced a new corporate branding, a combination of SK group’s "Wings of Happiness" and the existing corporate name Hynix. The company opened in 1983 as Hyundai Electronics Industries Co., Ltd., merging with LG Semiconductor in 1999. In 2001, it became Hynix semiconductor Inc. and now is the world’s second-largest memory chip manufacturer. The Company’s shares are traded on the Korea Stock Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK Hynix is available at www.skhynix.com.

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