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Hynix Semiconductor’s losses mount despite production cuts
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Despite flat DRAM bit growth and a 37% decline in NAND flash bit growth, Hynix Semiconductor reported a fourth quarter loss of approximately US$964.3 million. The loss, more than double the same quarter in 2007 was due to quarterly sequential ASP declines of 43% for DRAM and 18% for NAND flash memory chips.
Net loss for the year amounted to approximately US$3.18 billion. At the end of 2008, Hynix had total debts of approximately US$5.3 billion.