SK Hynix's Foundry in China Starts Volume Production

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www.businesskorea.co.kr, Dec. 17, 2020 – 

SK Hynix System IC's foundry in Wuxi, China has begun volume production. The company, which is SK Hynix's wholly owned foundry subsidiary in China, held a ceremony on Dec. 12 to celebrate the start of volume production.

The foundry is a joint venture with Wuxi City established in July 2018. SK Hynix System IC has a 50.1 percent stake in the plant with Wuxi Industrial Group holding the remaining 49.9 percent stake.

The Wuxi foundry plant produces semiconductors for home appliances such as CMOS image sensors and display driver ICs (DDIs) with 8-inch wafers. SK Hynix System IC completed a clean room at its Wuxi plant in the first half of 2020 and is moving equipment from its plant in Cheongju, Korea to the Wuxi plant. On Nov. 5, 1,206 pieces of semiconductor equipment worth 194.2 billion won were handed over to the joint venture. It is planning to actively penetrate the Chinese foundry market.

SK Hynix System IC's earnings are on the uptick. Its cumulative net profit in the first three quarters of 2020 amounted to 79.1 billion won, surpassing its annual net profit in 2018 (60.6 billion won) and 2019 (76.6 billion won). The company has been enjoying a boom in demand for its flagship 8-inch products.

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