It s more than what you imagine We are creating new competitiveness through Efficiency, Diversification, and Balancing... 2004 Annual Report
hynix 2004 Annual Report Contents 03 04 CEO 08 09 12 2003 14 2003 18 36 2003 44 46 2003 58 59
The Heartbeat of Technology Drums Here. Hynix Semiconductor
hynix 2004 Annual Report It s more than what you imagine
Interview with the CEO Q : A: Q : A: Q : A: 1,200 900 600 40% 20% 0% Q : A: 300 20% 0 40% Q1 Q2 Q3 Q4 Q : A:
Q : A: Q : A: Q : A: Q : A: Q : A: 05_06 Q : A:
hynix 2004 Annual Report Board of Directors
Chairman & CEO CFO Flash Management Profile 08_09 IC Co.
hynix 2004 Annual Report It s more Efficient than what you imagine
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January 1 February 2 May 5 hynix 2004 Annual Report March 3 June 6 April 4
2003 Highlights July 7 October 10 December 12 August 8 12_13 September 9
>> hynix 2004 Annual Report It s more Efficient than what you imagine
LCD HYDIS TFT STN ADSL 14_15 IC
hynix 2004 Annual Report It s more Diversified than what you imagine
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사업현황 2004년 사업개황 현재 하이닉스의 반도체 사업은 0.11 급 골든칩(Golden Chip) 기술로의 공정기술 전환과 프리미엄(Premium) 제품 위주의 포트폴리오(Portfolio) 구성을 통해 메인 메모리(Main Memory) 사업의 수익구조를 전년보다 더욱 개선하는 한편 그래픽스 메모리(Graphics Memory) 시장에서의 시장 점유율 확대를 위해 DDR2, DDR3와 같은 초고속 제품을 개발 하고 있습니다. 컨슈머 메모리(Consumer Memory) 사업과 모바일 메모리(Mobile Memory) 사업은 다양한 고객의 요구를 제품 개발에 좀 더 반영할 수 있는 Design In Activity활동과 제품 군의 고부가가치화에 각각 역량을 기울여 나가고 있으며, 더불어 향후 전체 반도체 시장에서 최고의 성장율을 보일 것으로 기대되는 NAND Flash 메모리사업의 성공적인 수행을 위해 Flash 사업 hynix 2004 Annual Report 본부를 신설하였고 시스템 IC 사업부는 CIS(CMOS Image Sensor), MCU(Micro Controller Unit), LDI(LCD Driver IC)의 3대 주력 제품 군의 기능을 향상시키고 전략 고객층을 확대하여 사업의 수익성을 강화해 나가고 있습니다. 이러한 일련의 사업 구조는 하이닉스로 하여금 메모리분야에 있어서 원가 경쟁 가속화와 NAND Flash 메모리, 그래픽스, 모바일용 제품과 같은 비 메인 메모리 제품시장의 고성장, 디지털 가전 제품간 기능 융합으로 인한 비 메모리 분야의 사업 기회 확대라는 사업 환경 변화에 최적의 대응과 한층 강화된 사업 수익성을 보장 할 것입니다. 메인 메모리(Main Memory) 메인 메모리 사업부는 가격 안정성이 높고, 신뢰성이 바탕이 되어야 하는 서버(Server)용 제품 판매를 늘리고, 하이닉스의 메모리 사업은 골든칩(0.11 )기술로의 공정기술 전환과 프리미엄 제품 위주의 포트폴리오 구성을 통해 메인 메모리사업의 수익구조를 전년보다 더욱 개선하는 한편 시스템 IC 사업은 경쟁사 대비 월등한 원가경쟁력과 안정적인 제품 포트폴리오를 기반으로 높은 수익을 창출하고 있습니다. 지속적인 성장세에 있는 노트북용 제품과 고부가가치중심의 High Density 제품을 강화하고 있습니다. 투자효율성이 높은 프라임칩(0.13 )기술을 기반으로 세계 최고 속도 제품인 DDR500을 개발 생산하고 골든칩(0.11 ) 기술을 이용한 DDR2 등의 차세대 제품에 대한 기술적 우위와 역량을 넓히고 있습니다. 골든칩 기술로의 신속한 양산체제 전환으로 업계최고의 원가경쟁력을 확보하고, 서버 제품 및 노트북 제품을 확대하는 전략을 통하여 ASP(Average Selling Price) 향상에 주력하고 있습니다. 하이닉스는 급변하는 DRAM시장 변화에 대비하여 세계일류 PC 제조업체와의 공급계약 및 사업제휴를 공고히 하는 한편 신흥 IT 시장에서 주요고객들과의 제휴를 강화해 나가고 있습니다. It s more Diversified than what you imagine
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Main Memory) hynix 2004 Annual Report It s more Diversified than what you imagine
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Graphics Memory) hynix 2004 Annual Report 25,000 20,000 15,000 10,000 It s more Diversified than what you imagine 5,000 0 Q1 Q2 Q3 Q4
16 33 37 2002 2003 2004 22_23
Consumer Memory) hynix 2004 Annual Report 30 25 20 15 10 5 0 ODD STB HDD PRT DSC CNS DTV Others ODD : Optical Disk Drive / STB : Set-Top Box / PRT : Printer / DSC : Digital Still Camera / CNS : Car Navigation System / DTV : Digital-TV / HDD : Hard Disk Drive It s more Diversified than what you imagine
24_25
Mobile Memory) hynix 2004 Annual Report It s more Diversified than what you imagine
26_27
Flash hynix 2004 Annual Report It s more Diversified than what you imagine
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IC hynix 2004 Annual Report LCD Driver IC Micro Controller Unit CMOS Image Sensor LCD Driver IC It s more Diversified than what you imagine
Micro Controller Unit CMOS Image Sensor LCD Driver IC Micro Controller Unit CMOS Image Sensor LCD Driver IC Micro Controller Unit CMOS Image Sensor 30_31
hynix 2004 Annual Report 100 75 50 25 42 37 58 63 100 75 50 25 33 27 67 73 It s more Diversified than what you imagine 0 1H 2H Logic 0 1H Primary 2H Secondary
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hynix 2004 Annual Report It s more Balanced than what you imagine
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4,000 3,000 2,000 1,000 0 2001 2002 2003 DRAM SRAM/Flash System IC hynix 2004 Annual Report 1 11 12 49 19 8 4,000 3,000 2,000 1,000 600 450 300 150 It s more Balanced than what you imagine 0 0 2001 2002 2003 DRAM
1,000 250 800 200 600 150 400 100 200 50 0 0 Q1 Q2 Q3 Q4 DRAM 900 600 30% 20% 36_37 300 0 2001 2002 2003 10% 0% 200 40% 150 30% 100 20% 50 10% 0 Q1 Q2 Q3 0 Q4
2,500 50% 2,000 40% 1,500 1,000 30% 20% 500 0 2001 2002 2003 10% 0 hynix 2004 Annual Report 4,000 3,000 2,000 1,000 40% 20% 0% 20% 0 40% 2001 2002 2003 1,200 900 600 300 40% 20% 0% 20% It s more Balanced than what you imagine 0 40% Q1 Q2 Q3 Q4
1,000 800 600 400 200 0 2001 2002 2003 2003 2002 38_39 1,541,646 66,682 661,135 813,829 1,848,709 104,174 202,889 1,541,646
hynix 2004 Annual Report 400 300 200 100 0 2001 2002 2003 1,000 800 600 400 200 0 2001 2002 2003 It s more Balanced than what you imagine
40_41 5 4 3 2 1 0 2001 2002 2003
6,000 5,000 4,000 3,000 2,000 1,000 0 2001 2002 2003 0 1,000 2,000 3,000 4,000 5,000 6,000 hynix 2004 Annual Report 120 80 40 0 2001 2002 2003 It s more Balanced than what you imagine 12,000 10,000 8,000 6,000 4,000 2,000 0 2001 2002 2003
8,000 6,000 4,000 2,000 0 2001 2002 2003 3,000 2,500 2,000 1,500 1,000 500 0 2004 2005 2006 2007 42_43 26,217,502 13,001,480 (24,952,249) 24,952,182 969,522 (834,992) 1,472 (1,269) 2,236,247 24,952,182 12,165,219
9,000,000,000 5,437,699,153 3,562,300,847 hynix 2004 Annual Report 5,243,500,334 3,528,045 5,239,972,289 194,198,819 4,990,449,799 (4,796,545,313) 5,437,699,153 4,993,977,844 443,721,309 1996. 12 1998. 06 1998. 12 50,000,000 15,037,594 29,069,767 280,000,000 355,188,650 513,568,880 2003. 06. 13 798 4,359,675 5,000 2005. 06. 14 ~ 2010. 06. 13 1999. 06 1999. 12 2001. 06 2002. 06 115,786,111 145,000,000 520,825,000 4,228,716,093 1,165,336,320 2,469,674,280 5,073,921,205 26,217,501,670 2003. 03-4,990,449,799 1,265,252,765 2003. 04 193,904,486 2,234,775,105 It s more Balanced than what you imagine
61,232,307 59,838,858 45,418,897 32,412,935 162,283,643 361,186,640 4,330,166 78,204,503 443,721,309 13.8 13.5 10.2 7.3 36.6 81.4 1.0 17.6 100.0 (%) 160 140 120 100 80 60 40 Hynix KOSPI 20 2003. 1 2003. 6 2003. 12 44_45 17.6 1.0 36.6 13.8 13.5 10.2 7.3 18.6% 81.4%
hynix 2004 Annual Report It s more Balanced than what you imagine
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hynix 2004 Annual Report It s more Balanced than what you imagine
1,247,147,275 1,078,124,964 680,074,970 ()86,410,688 549,532 ()5,495 72,637,776 ()14,082,802 30,438,942 395,413 ()62,995 856,399,257 120,363,713 1,585,000 593,664,282 544,037 58,554,974 30,438,942 332,418 50,702,544 213,347 390,748,018 2,056,672 84,959,695 257,106,329 22,093,769 13,422,213 11,109,340 507,517,041 ()12,568,131 750,204 ()7,502 99,704,325 ()86,186,973 30,453,529 ()2,234 7,148,884 ()347,298 676,104,424 65,754,730 8,080,272 494,948,910 742,702 13,517,352 30,451,295 6,801,586 54,882,975 281,876 642,726 402,020,540 3,583,583 115,750,576 232,703,108 16,418,805 17,909,469 15,654,999 48_49 5,658,905,029 8,558,689,080 1,479,783 ()14,798 11,356,332 ()6,479,778 32,174,321 ()31,048,196 1,186,849 ()1,186,849 954,516,711 21,015,052 25,410,218 464,078,055 1,464,985 4,876,554 421,469,048 1,126,125 4,116,330 10,960,344 2,598,010 ()25,980 12,790,239 ()6,310,991 237,905,526 ()14,138,225 1,186,849 ()1,186,849 1,608,328,887 22,388,181 59,650,111 752,779,815 2,572,030 6,479,248 525,078,934 223,767,301 3,871,102 11,742,165
hynix 2004 Annual Report 1,215,195,908 ()128,306,331 ()175,146,800 435,008,430 ()57,961,552 ()165,278,834 12,110,073,567 ()1,092,818,441 ()8,963,459,278 1,122,482 ()1,577 ()1,002,772 393,457,152 ()8,094,411 ()298,818,684 2,083,467,423 ()864,024,704 ()405,613,995 177,500,386 ()95,177,479 3,808,236,687 431,651,950 911,742,777 211,768,044 2,053,795,848 118,133 86,544,057 112,615,878 896,151,631 813,828,724 82,322,907 6,906,052,304 1,329,190,902 ()61,580,590 ()158,140,071 423,116,157 ()2,208,621 ()136,750,391 11,798,896,941 ()364,313,108 ()8,170,163,657 1,537,419 ()1,367,061 375,616,826 ()729,400 ()257,965,558 2,083,467,423 ()202,889,446 ()338,932,206 159,449,862 ()79,994,595 5,329,259,155 367,945,018 1,109,470,241 284,157,145 3,264,420,176 170,358 116,921,868 186,174,349 1,621,101,038 1,541,645,771 79,455,267 9,636,814,044 1,273,068,178 1,443,816,454 358,958,862 ()43,247,855 8,074,675 ()157 ()19,099 332,853,983 283,623,994 315,711,007 60,795,572 13,262,427 20,298 256,274,276 8,055,419 2,471,202 353,293,916 ()47,424,686 11,099,088 511,445,232 274,382,971 305,869,230 8,618,056 35,751,886 18,153 65,317,479 231,314,359 11,099,088
1,141,758,660 ()735,143 ()26,071,390 1,212,786,590 ()5,323,564 516,346,279 ()181,706,128 184,136,812 ()7,897,213 ()5,974,633 2,888,711,099 1,114,952,127 1,207,463,026 334,640,151 60,263,829 1,127,000 170,264,966 1,122,579,695 ()929,678 ()34,518,593 1,393,400,337 ()7,560,009 593,555,327 ()225,046,335 171,545,516 ()8,819,831 ()6,314,331 3,069,575,990 1,087,131,424 1,385,840,328 368,508,992 61,628,546 9,215,066 156,411,354 840,280 4,161,779,277 4,513,392,444 2,236,246,770 2,236,246,770 26,217,501,670 26,217,501,670 25,210,685,561 24,952,181,638 224,946,634 33,557,289 258,503,923 224,946,634 33,557,289 50_51 11,567,024,868 115,040,000 216,523,761 7,200,884 187,226,235 166,870,445 ()12,259,886,193 9,205,947,846 115,040,000 216,523,761 7,200,884 187,226,235 166,870,445 ()9,898,809,171 ()13,135,634,436 10,186,234 ()2,168,805 6,729,350 ()999,196,513 14,035,135 ()12,165,219,837 ()12,146,636,147 41,430,669 ()7,687,268 1,994,235 ()999,196,513 1,818,302,764 ()13,001,480,034 2,744,273,027 5,123,421,600 6,906,052,304 9,636,814,044
211,863,808 3,408,562,002 119,334,160 3,777,408,114 ()669,244,275 ()87,016,367 3,620,425,810 3,140,481,632 220,327,959 2,779,742,102 75,665,546 3,535,166,337 ()349,278,967 ()119,334,160 3,000,070,061 3,142,218,756 479,944,178 142,148,695 hynix 2004 Annual Report 45,200,675 5,940,159 10,181,787 3,292,919 901,239 57,093,792 82,352,072 6,794,512 675,404 1,489,360 4,633,564 1,618,185 2,493,713 1,398,241 69,898,156 381,778 2,203,864 20,025,689 654,488 1,391,561 2,354,597 7,079,940 74,114 1,850,379 5,236,758 488,257 10,203,849 350,882,396 4,735,116 2,542,640 704,069,204 45,843,335 5,924,143 10,720,475 7,228,996 870,974 62,678,980 118,627,368 2,310,639 1,093,976 2,120,490 1,601,363 1,550,385 2,294,284 1,727,653 69,337,471 289,279 2,490,158 22,528,303 592,516 2,636,337 1,668,011 6,649,923 178,225 2,772,228 4,095,606 5,352,300 8,293,160 404,868,935 1,860,945 798,206,458
224,125,026 940,355,153 5,192,370 66,350 35,329,742 101,192,341 19,621,301 22,862 15,423 40,962 1,484,728 4,830,099 245,228 30,288,512 198,329,918 44,512,127 6,071,300 45,907,370 73,901,320 90,288,188 371,508 9,474,253 2,909 15,479,386 1,026,466 2,452,844 2,417 74,214,224 363,704,312 230,800,418 20,887,073 61,526,401 27,706,890 41,869 56,832,128 65,936,589 69,432,066 46,344,000 972,068,926 391,599 661,135,258 48,731 7,564,622 9,298,714 9,032,884 2,287,263,343 423,324,802 11,259,407 74,835,604 22,256,829 1,113,205 187,968,608 181,112,126 25,876,133 80,364,884 3,193,547 202,889,446 24,258,998 731,336 4,288,397 5,075,193 58,909,505 275,025 2,323,483 16,093,768 11,052,894 1,375,949,419 52_53
5,099,559 43,115,616 38,746,229 2,313,058,451 1,952,600,260 4,735,006 4,735,006 2,313,058,451 1,947,865,254 2,313,058,451 1,947,865,254 hynix 2004 Annual Report ()9,898,809,171 ()48,018,571 ()2,313,058,451 ()12,165,219,837 ()999,196,513 166,870,445 7,200,884 187,226,235 216,523,761 115,040,000 33,557,289 224,946,634 24,472,937,295 12,259,886,193 12,259,886,193 ()7,954,031,698 3,087,781 ()1,947,865,254 9,898,809,171 9,898,809,171
()2,313,058,451 3,228,292,580 35,473,983 1,095,517,204 82,352,072 4,735,116 2,542,640 42,268,370 27,706,890 12,005,108 20,887,073 56,832,128 65,936,589 69,432,066 46,344,000 48,731 7,564,622 9,298,714 972,068,926 391,599 661,135,258 9,032,884 5,099,559 4,197 1,614,851 ()31,534,740 19,621,301 15,423 4,830,099 40,962 1,484,728 245,228 572,294,917 ()1,947,865,254 2,638,467,002 29,839,183 1,431,685,749 118,627,368 1,860,945 148,221,177 22,256,829 71,127 64,763,337 11,259,407 187,968,608 181,112,126 25,876,133 731,336 5,075,193 4,288,397 58,909,505 80,364,884 275,025 3,193,547 202,889,446 11,052,894 16,093,768 24,258,998 2,323,483 5,468,537 ()124,524,040 711,483 90,288,188 9,474,253 2,452,844 2,417 2,909 1,026,466 15,479,386 ()45,943,664 54_55
hynix 2004 Annual Report 5,296,999 ()311,404,472 ()172,581,886 ()11,233,009 156,922 6,753,471 4,779,330 ()723,472 ()47,111,596 25,661,344 ()181,168,705 8,126,952 52,177,516 ()22,489,460 2,146 58,185,090 1,089,000 ()1,364,717 ()5,031,086 ()4,007,119 ()840,280 922,618 339,699 ()23,047,230 4,735,006 351,088 ()612,021,372 ()117,787,885 412,663,931 20,189,740 ()6,610,728 ()46,071,911 2,136,455 ()287,417,279 95,542,801 28,087,700 249,186,513 ()789,931,080 ()3,945,481 25,970,425 ()19,000 ()150,302,006 ()44,694 ()6,175,508 1,154,665 ()10,004,266 1,091,680 1,693,691 452,318 ()31,881,453 433,691,975 11,376,272 750,204 4,397,343 8,906,684 115,499,182 588,695 1,359,745 222,004,597 2,310,166 12,912,578 39,139,910 ()337,413,390 463,172,553 3,989,972 1,373,259 3,958,090 44,175,737 60,107,431 2,229,134 2,650,280 275,855,206 4,834,343 43,650,478 13,460,244 83,042 ()37,830,383
9,779,029 80,355 149,071 4,438,144 ()771,105,365 4,881,000 3,024,214 16,657,305 20,000 113,586 379,681 6,644,638 779,196 10,290,468 511,735,651 63,980 14,823,709 112,904,921 18,929,521 69,857,495 5,655,755 71,388 749,332 98,514 230,348 ()501,002,936 5,918,015 625,063 59,087,849 5,047,383 365,580 24,344 3,772,358 355,660,954 11,848,686 40,730,487 17,922,217 56_57 191,847,454 191,819,189 28,265 ()372,119,998 164,594,216 10,913,093 35 195,295,301 769,858 547,495 ()180,272,544 496,884,513 29,930,250 466,954,263 ()372,902,946 96,040,397 253,602,177 22,906,826 58,804 294,742 123,981,567 54,608,983 40,207,520 65,754,730 25,547,210 120,363,713 65,754,730
Corporate History 1949. 10 2001. 10 1983. 02 2001. 11 1996. 12 2002. 06 1999. 10 2002. 12 2000. 05 2003. 01 hynix 2004 Annual Report 2000. 08 2001. 03 2001. 05 2001. 06 2001. 07 2001. 08 2003. 02 2003. 03 2003. 04 2003. 07 2003. 08 2003. 12 Hynix s Manufacturing Facilities
Global Network HSI (Hynix Semiconductor Inc.) 136-1 Tel : 82-31-630-4114, Fax : 82-31-630-4103 HSU (Hynix Semiconductor U.K.Ltd.) 241 Brooklands Road, Weybridge, Surrey KT13 ORH, England, U.K. Tel : 44-1932-827-700, Fax : 44-1932-827-745 HSJ (Hynix Semiconductor Japan Inc.) 6th. Fl., No.5 Chuo Bldg., 2-1-2 Uchi Kanda, Chiyoda-ku, Tokyo, Japan 101-0047 Tel : 81-3-5209-7211, Fax : 81-3-5209-7290 Tel : 82-2-3459-5541, Fax : 82-2-3459-3647 Tel : 82-43-270-3114, Fax : 82-43-270-2145 Tel : 82-54-470-1114, Fax : 82-54-470-1183 HSA (Hynix Semiconductor America Inc.) 3101 North First Street, San Jose, CA 95134 U.S.A. Tel : 1-408-232-8000, Fax : 1-408-232-8103 HSMA (Hynix Semiconductor Manufacturing America Inc.) 1830 Willow Creek Circle, Eugene, OR 97402 U.S.A. Tel : 1-541-338-5000, Fax : 1-541-338-5200 HSW (Hynix Semiconductor Wales Ltd.) Celtic Way, Imperial Park Newport, MP10 8UW Wales, U.K. Tel : 44-1633-762-013, Fax : 44-1633-762-011 HSD (Hynix Semiconductor Deutschland GmbH) Frankfurter Strasse 107, D65479, Raunheim, Germany Tel : 49-6142-921-0, Fax : 49-6142-921-290 HSH (Hynix Semiconductor Hong Kong Ltd.) RM.1602, 16F, Bank of America Tower, 12 Harcourt Road, H.K. Tel : 852-2971-1600, Fax : 852-2971-1622 HSCS (Hynix Semiconductor Shanghai Inc.) RM. 2008, International Trade Center, No. 2200 YanAnxi Road, Shanghai, China Tel : 86-21-6275-0921, Fax : 86-21-6209-2686 HSS (Hynix Semiconductor Asia Pte. Ltd.) 7 Temasek Boulevard #42-02, Suntec City Tower 1, Singapore 038987 Tel : 65-6338-5966, Fax : 65-6336-5911/5922 HST (Hynix Semiconductor Taiwan Inc.) Sung Lian Building, 8F., No.161, Section 2, Min Sheng East Road, Taipei, Taiwan, R.O.C. Tel : 886-2-2500-8300, Fax : 886-2-2518-3404 58_59 It s more Balanced than what you imagine
2004 Annual Report www.hynix.com Copyright 2004 by Hynix Semiconductor Inc. Produced by IR-Plus