Monday, July 9, 2007

Hynix Is Behind Schedule in Raising Chip Production, Chief Executive Says

(Bloomberg) -- Hynix Semiconductor Inc., the world's
second-largest memory chipmaker, is behind schedule in increasing
production of chips that go into consumer electronics, reducing
its ability to supply to customers such as Apple Inc.

``It's true we have some inadequacies and we need to work to
plug in those holes,'' Chief Executive Officer Kim Jong Kap, who
was recruited from South Korea's commerce ministry this year,
said in an interview yesterday in Seoul. ``We're slightly behind
our competitors but it's not a big problem.'' He declined to
provide specifics.


Read more at Bloomberg Emerging Markets News

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