SAN JOSE, Calif. -- South Korea's Hynix Semiconductor Inc. reported revenues of 1.86 trillion won ($1.82 billion)
for the quarter, up 16 percent from the previous quarter.
Net loss for the quarter amounted to 711 billion won ($697.5 million). This compares a net profit of 213.5 billion won a year earlier. Hit hard by the memory downturn, Hynix posted a loss of 675 billion won ($677.4 million) in the first quarter.
The operating loss was 172 billion won in the second quarter, reducing losses from 482 billion won in the previous quarter.
The net loss was due to impairment loss of property, plant, and equipment that incurred in the process of closing 200-mm wafer fab in Eugene, Ore.
''The growth [in sales] came primarily from DRAM sector, which grew by 12 percent in bits and by 9 percent in average selling price,'' according to Hynix in a release.
''While DRAM ASP was better than our expectation, attributed to strong contract price, bit growth fell short of our previous guidance as a result of our move to increase non-PC DRAM inventory in advance to 200-mm wafer fab closure and temporary production disruption caused by the power outage at our fabs in China,'' according to Hynix. ''For NAND flash, ASP rose by 3 percent sequentially but the bit growth declined by 15 percent, owing to the production cut back from 200-mm wafer capacity and to the sluggish demand.''