SEOUL, March 11 (Reuters) - Hynix Semiconductor Inc , the world's No. 2 maker of memory chips, said on Thursday it would invest 465 billion won ($410 million) to expand and upgrade its production capacity and research and development.
Hynix said in a filing with the Korea Exchange the investment, aimed at meeting market demand and improving price competitiveness, would be executed within the first quarter.
($1=1133.7 Won)
(Reporting by Rhee So-eui; Editing by Jonathan Hopfner)
((soeui.rhee@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: soeui.rhee.reuters.com@reuters.net)) Keywords: HYNIX INVESTMENT (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Hynix said in a filing with the Korea Exchange the investment, aimed at meeting market demand and improving price competitiveness, would be executed within the first quarter.
($1=1133.7 Won)
(Reporting by Rhee So-eui; Editing by Jonathan Hopfner)
((soeui.rhee@thomsonreuters.com; +82 2 3704 5650; Reuters Messaging: soeui.rhee.reuters.com@reuters.net)) Keywords: HYNIX INVESTMENT (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
