Semiconductor maker foresees "strong market conditions"

e14news — Thu, 07 Oct 2021 04:35:22 GMT

Current Revision posted to Documents by e14news on 10/7/2021 4:35:22 AM
A South Korean semiconductor manufacturer has stated that it believes the sector will continue to perform well into early 2011.

Hynix Semiconductor's chief financial officer Kim Min-chul made his forecast, to delegates at the Reuters Global Technology Summit in Seoul, that "strong market conditions" could last for around three to four quarters.

Furthermore, he said the company is considering whether to capitalise on this healthy period for the industry by increasing its investment plan by 20 to 30 per cent.

As Reuters indicates, Hynix's shares have been hit as rival manufacturer Samsung unveiled a proposal to spend around $15.6 billion (£10.9 billion), which equates to five times its own financial package.

However, the company has brought forward investment plans to meet stronger demand from vendors for PC and server DRAM chips, Mr Min-chul added.

According to Hynix's website, the manufacturer strives to deliver "a long-lasting and great company with best competence".