Hynix
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| Hynix Semiconductor Inc. | |
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| Type | Public |
| Founded | 1983 |
| Headquarters | Icheon, South Korea |
| Key people | CEO Jong-Kap Kim |
| Industry | Semiconductor |
| Products | DRAM, NAND Flash |
| Website | http://www.hynix.co.kr , http://www.hynix.com |
Hynix Semiconductor Inc. KRXS: 000660 of South Korea is a memory semiconductor supplier of dynamic random access memory ('DRAM') chips and flash memory chips. Formerly known as Hyundai Electronics, the company has manufacturing sites in Korea, the U.S., China and Taiwan. The company's shares are traded on the Korea Stock Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange.
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[edit] Figures
- The world's sixth largest semiconductor company [1][2]
- The world's second-largest maker of memory chips[citation needed]
- The largest share in Chinese market[citation needed]
[edit] 2002 anti-trust case
In 2002, armed with the Sherman Antitrust Act, the United States Department of Justice began a probe into the activities of dynamic random access memory (DRAM) manufacturers. US computer makers, including Dell and Gateway, claimed that inflated DRAM pricing was causing lost profits and hindering their effectiveness in the marketplace.
To date, five manufacturers have pleaded guilty to their involvement in an international price-fixing conspiracy including Hynix, Infineon, Micron Technology, Samsung, and Elpida.[1]
"In December 2003, the Department charged Alfred P. Censullo, a Regional Sales Manager for Micron Technology Inc., with obstruction of justice in violation of 18 U.S.C. § 1503. Censullo pleaded guilty to the charge and admitted to having withheld and altered documents responsive to a grand jury subpoena served on Micron in June 2002."[1]
In October of 2004, four executives from Infineon were each sentenced to 4 to 6 months in jail, and fined $250,000. After the four were sentenced, Scott D. Hammond, the Director of Criminal Enforcement for the DoJ Antitrust Division, said, "These four executives are the first to plead guilty to a charge of fixing prices in what is still a very active and far-reaching investigation into antitrust violations in the DRAM industry. We will continue in our efforts to bring to justice other domestic and foreign-based executives who were involved with fixing DRAM prices."
On October 20, 2004, Infineon also pled guilty. The company was fined $160M for its involvement, which at the time was the third largest antitrust fine in US history; Hynix Semiconductor soon took the third position in April 2005 with a $185M criminal penalty after they also pleaded guilty. In October 2005, Samsung entered their guilty plea in connection with the cartel. Their $300M fine was the second largest antitrust fine in US history to that date.
[edit] Milestones
- 2007 Achieved the top-level operating profit margin
Appointed Mr. Jong-Kap Kim as the new chairman & CEO - 2006 Posted record the highest revenues since foundation
Established global manufacturing network with complete construction of Hynix-ST Semiconductor Inc.
Hynix's wholly owned manufacturing subsidiary in China - 2005 Emerged from Corporate Restructuring Promotion Act ahead of schedule
- 2004 Signed System IC Business Transfer Agreement with System Semiconductor
- 2002 Sold HYDIS, TFT-LCD Business Unit
- 2001 Changed the Company name to "Hynix Semiconductor Inc."; spun off Hyundai Syscomm, Hyundai CuriTel, and Hyundai Networks; Completed spin-off from Hyundai Group;
- 2000 Spun off Hyundai Image Quest, Hyundai Autonet
- 1999 Merged with LG Semiconductor Co., Ltd.
- 1996 Initial public offering
- 1993 Took over Maxtor (US HDD main factory)
- 1985 Started mass production of 256K DRAM
- 1983 Founded as Hyundai Electronics Industries Co., Ltd.
[edit] References
[edit] External links
- Hynix Semiconductor Inc. http://www.hynix.com/eng/
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