The Digital Source For China's Tech Innovation Since 2000

Search
Close this search box.

Hynix To Establish Semiconductor Back-end Joint Venture In Wuxi

May 21, 2009
Business

Semiconductor company Hynix has announced plans to build a semiconductor back-end joint venture in Wuxi with Wuxi Industrial Development Group.

To increase financial liquidity and to improve financial structure, Hynix will sell its owned back-end equipment in Korea and China for USD300 million, which equals about CNY2.04 billion.

In addition, the company plans to increase the portion of outsourcing of back-end manufacturing from the current 30% to 50%. In the next five years, Hynix will save investment costs of over CNY10 billion and put these funds into its core business of front-end manufacturing and research and development.

In 2005, Hynix established the joint venture, Hynix-Numonyx Semiconductor, with STMicroelectronics. With the founding of the back-end plant in Wuxi, Hynix will have a complete set of production line from front-end to back-end facilities in China, which is expected to save production and distribution costs for the company. Hynix said that it will provide back-end manufacturing contacts to the joint venture in the next five years while sending specific staff to manage the equipment and implementing trainings to improve the competitiveness of the joint venture.

Hynix Semiconductor of Icheon, Korea, is one of the world's leading memory semiconductor suppliers, offering dynamic random access memory chips, flash memory chips and CMOS image sensor for a wide range of customers globally.

Tags: Business | China | chips | CMOS | development | distribution | equipment | finance | financial | flash | investment | IT | Jiangsu | joint venture | Korea | LINE | manufacturing | outsourcing | plant | production | research | research and development | semiconductor | staff | STMicroelectronics | Wuxi

Other Related News:

Global Membrane Bioreactor Market Report 2022: Limited Availability of Fresh Water and Depleting Water Reserves Driving Growth

November 8, 2022

Commentary: What the world can learn from the largest electric vehicle market, China

August 29, 2021

Investors File Class Action Suit Against KongZhong

August 21, 2004

Motorola Provides Mobile Content Server to China

July 17, 2003

EXCLUSIVE-Beijing gives initial approval to revive Ant’s IPO after a split

June 10, 2022

Queen Elizabeth II: Hong Kong's grief sends message to Beijing

September 15, 2022

Indian issues comprehensive advisory for students planning to study medicine in China

November 7, 2022

Suning To Buy 27.36% Shares Of Japan's Laox

June 26, 2009

Siemens Plans CNY10 Billion Investment In China Market

December 14, 2006
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter