Hynix to invest $410 mln in production in Q1

SEOUL, March 11 Thu Mar 11, 2010 12:43pm IST

Stocks

   

SEOUL, March 11 (Reuters) - Hynix Semiconductor Inc (000660.KS), the world's No. 2 maker of memory chips, said on Thursday it would invest 465 billion won ($410 million) to expand and upgrade its production capacity and research and development.

Hynix said in a filing with the Korea Exchange the investment, aimed at meeting market demand and improving price competitiveness, would be executed within the first quarter. ($1=1133.7 Won) (Reporting by Rhee So-eui; Editing by Jonathan Hopfner)