Hyundai Electronics Industries Co, following its absorption last week of Hyundai MicroElectronics/LG Semicon, is predicting sales this year of 6.3 trillion won ($5.25bn) from all its operations including semiconductors, TFT-LCDs and telecoms equipment, and 8 trillion won ($6.7bn) next year from semiconductors alone. Outlining future plans, Kim Young-hwan, chief executive of what is now the […]
Hyundai Electronics Industries Co, following its absorption last week of Hyundai MicroElectronics/LG Semicon, is predicting sales this year of 6.3 trillion won ($5.25bn) from all its operations including semiconductors, TFT-LCDs and telecoms equipment, and 8 trillion won ($6.7bn) next year from semiconductors alone.
Outlining future plans, Kim Young-hwan, chief executive of what is now the worldÆs largest DRAM producer, said the company plans to expand its non-DRAM chip operations and increase their contribution to total sales to 18% within two years from the current 7% to 8%. As widely predicted, the company is to spin off its non-semiconductor operations by early next year and hopes to attract up to $1bn in foreign investment while doing so. The merger will enhance the company’s research and development of next-generation products by 70%, he said. The integrated firm will enhance profitability by focusing on R&D and upgrading chip production facilities. But it will not seek excessive facility expansion for a greater market share.
