Hynix to Move to CIS Market

The Korea Times: Hynix says again that it intends to enter CIS market as a part of its strategical move away from DRAMs.

"We will increase the portion of new businesses to a maximum of 40 percent in terms of sales by 2017. The start of the complementary metal-oxide semiconductor (CMOS) or CIS businesses is the first step toward the long-term goal," Hynix spokesperson Park Hyun told The Korea Times.

Hynix once dominated about 50 percent of the market before selling MagnaChip, The Korea Times writes.

"We cannot survive only with a focus on memory. So we urgently need to diversify our portfolios," Hynix CEO Kim Jong-kap said.