[Korea.net News, Economy / Industry, December 27 2008] Hynix Semiconductor to spend 147 billion won on chip production

Hynix Semiconductor, the world’s second-largest maker of computer memory chips, said Thursday (Dec. 27) it plans to spend 147.1 billion won (US$157 million) to expand production of memory chips.

The investment is not part of the 4.4 trillion won of capital spending earmarked for this year, an official at Hynix said.

The additional spending is to "meet demand and strengthen cost competitiveness," the official said.