Hynix

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Hynix Semiconductor Inc. (Hangul: 하이닉스 반도체) KSE: 000660 is an electronics company founded in 1983 as Hyundai Electronics Industries Co., Ltd. In the 1980s and 1990s it was mainly focusing on marketing DRAM, and then later SDRAM. In 2002 the business sold their TFT LCD assets for $650m, of the same year they developed the world's first 128MB DDR SDRAM for graphics.

Hynix is among the Worldwide Top 20 Semiconductor Sales Leaders.

In 2004-2005 an investigation was carried out into a worldwide DRAM price fixing conspiracy during 1999-2002 that damaged competition and raised PC prices. As a result, Samsung is to pay $300 million fine, Hynix was to pay $185 million in 2005, Infineon: $160 million in 2004. Micron Technology cooperated with prosecutors and no fine is expected.

[edit] History

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.