Online information source for semiconductor professionals
Hynix to receive US$960 million in new funding
Popular articles
Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008
Samsung and Micron gain most market share in DRAM crisis - 17 February 2009
TSMC hosts 2008 Green Forum on ‘green’ factories - 31 October 2008
Micron moving fast on Hynix in Q208 NAND flash rankings, says iSuppli - 19 August 2008
Numonyx to close California Technology Center - 12 August 2008
Hynix Semiconductor has had US$519 million new share offering approved by its creditors as well as a roll-over of debt and additional loans, bringing its latest round of fund raising to approximately US$960 million. Hynix will sell 70 million new shares at a 30% discount, according to the new plan just announced.
This is Hynix’s second round of funding in 2009, indicating that the memory manufacturer is still losing money and requires further cash to retain liquidity. Hynix is expected to release first quarter results at the end of the week.