Intel and AMD to be blown away in 10 years? Yea right...

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July 26th, 2007, 07:07 AM

untruehero

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Intel and AMD to be blown away in 10 years? Yea right...

http://www.physorg.com/news104563705.html

Quote:

Hynix aims to become world's top chipmaker by 2017

A Hynix employee is seen in the Seoul office, April 2007. South Korea's Hynix Semiconductor has unveiled a plan to become the world's top chipmaker in 10 years through aggressive investment in next-generation products.

South Korea's Hynix Semiconductor Wednesday unveiled a plan to become the world's top chipmaker in 10 years through aggressive investment in next-generation products.

Its president Kim Jong-Kap said separately that several companies have expressed interest in buying a 36 percent stake currently still held by the creditors who bailed it out in the aftermath of the 1997 Asian crisis.

Hynix, now the world's fifth largest memory chipmaker, said in a statement it would boost sales from last year's 7.7 billion dollars to 18 billion dollars by 2010 and to 25 billion dollars by 2012.

"From now, Hynix will take a growth-oriented stance through aggressive investment ... to become the world's best in terms of size and quality by 2017," it said.

The company said it would invest a tenth of its entire revenue in research and development while continuing to build and upgrade production lines.

It aims to produce a next-generation memory chip called Phase-change Random Access Memory (PRAM) by 2009. Industry analysts expect it to become the main memory device, replacing high-density flash memories, within the next decade.

Kim, speaking to reporters, did not name the potential bidders once the 36 percent stake goes on sale after a lock-up period expires this year.

"Some companies have expressed their interest but a solo bid by a strategic investor would be difficult due to the size of the company," he said.

"There could be (other) options like forging an alliance with financial investors."

Hynix is South Korea's ninth most valuable company with a market capitalisation of around 17.66 trillion won (19.3 billion dollars).

Hynix was on the verge of collapse in 2000 but creditors injected a total of 4.6 billion dollars in 2001 and 2002 to rescue it.

In 2006, its net profit rose 10.7 percent to 2.01 trillion won (2.19 billion dollars) after years of successful restructuring.

© 2007 AFP

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bob_man_uk agrees!

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July 26th, 2007, 10:10 AM

Fuhzy Wuzzie

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I can see only good things with a third CPU player in the market...

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July 26th, 2007, 10:26 AM