Hynix Semiconductor has reported net profits of 665 billion won (US$550 million) on consolidated revenues of 3.28 trillion won for the second quarter of 2010. The sales figure marks the company's highest quarterly record.
Hynix' consolidated revenues for the second quarter grew 16% from 2.82 trillion won generated in the first quarter of 2010, and were 150% higher than 1.31 trillion won posted in the second quarter of 2009. The company attributed the growth to strong market demand as well as the ASP improvement of DRAM.
Hynix said its DRAM ASP and bit shipments climbed by 6% and 7%, respectively, on quarter in the second quarter. Meanwhile, NAND flash ASP slid 6% sequentially while bit shipments increased by 22%.
Hynix' operating profits reached 1.05 trillion won in the second quarter, scoring the company's highest quarterly operating profits. The figure showed 31% growth from 799 billion won in the first quarter, thanks to technology improvement and customized product mix, according to the company.
Hynix saw net profits decrease 19% sequentially to 665 billion won in the second quarter. The primary reasons for the difference between the operating profit and net profit were net foreign currency transaction and translation loss and net interest expense and loss arose from early redemption of convertible bonds which was issued in December 2007, Hynix said.
In addition, Hynix noted it will focus on accelerating migration to 40nm-class process in DRAM business, and plan to complete development of 30nm-class process technology by the end of 2010. For the NAND flash business, the chipmaker will expand the portion of 30nm-class products, and expects to move its 20nm-class process to mass production during the second half of this year.