Hynix: capital spending at least $5 billion this year

South Korea's second-largest fab Hynix (SK Hynix) (13) announced on Thursday, to improve production technology and capacity expansion, to overcome the pressure of competition, in continue to rise this year capital expenditure scale of at least 6 million won ($5 billion), and last year's level.

Because of the memory chip demand continues to decline, and competitors from China, hynix operating under challenge.Personal computer (PC) memory chip demand continues to shrink, hynix third-quarter net profit last year year minus 4.3%, to 1.05 million won.

The company plans to produce more advanced NAND flash products, such as TLC NAND flash.The current SK hynix quarterly output of about 100 million groups, 450 million groups is much less than the samsung.Hynix last year announced it will invest 31 million south Korean won, 2024 years ago in South Korea to build two new fab.