Hynix sees robust DRAM market to continue

ICHEON, SOUTH KOREA: Hynix Semiconductor, the world's No.2 memory chip maker, said on Monday that global memory chip supply remained very tight and stronger than expected market conditions would continue into the second quarter.

"(Market conditions) are very good and most of all, supply is very tight because many firms are struggling to increase output due to lack of investments during the last downturn... Manufacturers are meeting only 60 percent of customer demand," O.C. Kwon, who took over as Hynix's chief executive on Monday, told reporters.

"Trading in the first quarter was much stronger than we had expected in the fourth quarter...and we expect the momentum to continue in the second quarter," Hynix marketing head J.B. Kim said.