Park said in his New Year’s message on Jan. 20, "Due to global economic uncertainties such as slow growth in memory chip demand and China’s efforts to promote its memory chip industry, the market conditions this year are tough. We will turn a crisis into an opportunity in 2016 by improving our competitiveness."
He added, "SK hynix has the strength to break through the game of chicken in the memory chip sector in the last decade."
SK hynix also aims to mass produce 48-layer 3D NAND flash chips, which are currently mass produced only by Samsung, within the year, and jump into the top class in the NAND flash chip market by beating its competitors, including Toshiba.
In addition, SK hynix will accelerate the technology development of next-generation memory chip products after system semiconductors, DRAM and NAND flash chips this year, said Park.