Micron and Hynix enter crucial talks

Go on, go on, go on...

By Aled Herbert, 7 March 2002 07:15

NEWS The chiefs of semiconductor giants Micron and Hynix are locked in further merger talks after the South Korean chip company announced full-year losses of $3.87bn. However, Hynix CEO Park Chong-sup claims rising chip process helped the company return to profitability in the first months of 2002 and predicted a sustained recovery for the firm, the FT reports Hynix forecasts that D-RAM memory chips will trade at an average of $5.60 this year, compared to prices below $1 during 2001.

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