SK Hynix

SK Hynix Inc. (formerly Hynix Semiconductor Inc.) is a South Korean semiconductor manufacturers. The company ranks 8th among the 20 largest semiconductor manufacturers.

History

The company was founded in February 1983 as Hyundai Electronics Industries Co., Ltd.. In the 1980s and 1990s, the company focused mainly on sales of DRAM modules, and later SDRAM elements. In 1999 the company merged with LG Semiconductor Co., Ltd..

2001 in., the complete separation of the Hyday Group. Shortly afterwards, the LCD business for 650 million U.S. dollars was sold and changed the company name to Hynix Semiconductor Inc.. Also in 2001 the world's first 128- MB DDR SDRAM was introduced for graphics cards.

In the years 2004 and 2005 came to light that Hynix was involved between 1999 and 2002 at global price fixing cartel on DRAM elements and thus impeding competition and the prices of PCs has driven up. The company was it - as well as the other stakeholders - sentenced to pay a fine in the amount of 160 million U.S. dollars ( Samsung: 300 million U.S. dollars; Infineon: 160 million U.S. dollars).

On 14 November 2011, SK Telecom took over for 3.43 trillion won ( 2.2 billion euros ) a 21.1 -percentage share of Hynix and became its largest shareholder. Shortly thereafter, the company was renamed SK Hynix.

In September 2013 resulted in an explosion in two Chinese works of SK Hynix to a massive failure of its existing production capacity. In consequence increased on the world market in the following months, the prices of RAM memory considerably.