(LEAD) Hynix completes new chip plant in China
SEOUL, June 17 (Yonhap) -- Hynix Semiconductor Inc., the world's second-largest memory chipmaker, said Thursday that it has completed its second memory chip plant in China in partnership with a Chinese company.
The plant, named "Hitech Semiconductor Package and Test," has a capacity of manufacturing 100 million units of 1-gigabyte dynamic random access memory (DRAM) chips per month, Hynix said.
Hynix holds a 45 percent stake in the plant built in Wuxi, Jiangsu Province, with China's Wuxi Taiji Industry Co. owning the remainder. The completion of the chip plant cost US$350 million, Hynix said.
The South Korean chipmaker expects to save on production and shipping costs with the new plant, which will conduct packaging and testing of chips that are produced from Hynix's other plant in the same Chinese city.