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(LEAD) Hynix completes new chip plant in China

All Headlines 17:47 June 17, 2010

(ATTN: CORRECTS stake acquisition in last para; ADDS more details)

SEOUL, June 17 (Yonhap) -- Hynix Semiconductor Inc., the world's second-largest memory chipmaker, said Thursday that it has completed its second memory chip plant in China in partnership with a Chinese company.

The plant, named "Hitech Semiconductor Package and Test," has a capacity of manufacturing 100 million units of 1-gigabyte dynamic random access memory (DRAM) chips per month, Hynix said.

Hynix holds a 45 percent stake in the plant built in Wuxi, Jiangsu Province, with China's Wuxi Taiji Industry Co. owning the remainder. The completion of the chip plant cost US$350 million, Hynix said.

The South Korean chipmaker expects to save on production and shipping costs with the new plant, which will conduct packaging and testing of chips that are produced from Hynix's other plant in the same Chinese city.

Hynix operates Hynix-Numonyx Semiconductor Ltd. in Wuxi, a joint chip venture with Dutch chipmaker Numonyx Holdings BV.

The Korean chipmaker plans to apply for the Chinese government's approval later this year to acquire Numonyx's entire 20.7 percent stake in the production plant.


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