I think friends who like electronic products will definitely know about SK Hynix. Excluding Samsung Electronics, this company is an incredibly famous semiconductor company in Korea and is known around the world. Although we do not manufacture a variety of electronic products like Samsung Electronics, if you disassemble your laptop or cell phone, you will be able to find many semiconductor chips manufactured by SK Hynix.
It may not be as famous as Samsung Electronics, but SK Hynix plays a very important role in the semiconductor industry. This time, we will learn more about SK Hynix, a global Korean semiconductor company.
Introduction to SK Hynix
SK Hynix is a global semiconductor company that provides a variety of products and solutions including DRAM, SSD, NAND Storage, MCP, and CMOS Image Sensor. SK Hynix, an affiliate of SK Group, was established in 1983 and is headquartered in Icheon, Gyeonggi-do. SK Hynix is striving for technological innovation and social value creation, and is strengthening ESG (environmental, social, and governance) management. SK Hynix currently has approximately 29,000 employees working around the world and is recruiting excellent talent through a recruitment portal.
SK Hynix ranked third in the global semiconductor market last year with a 6.1% share, growing 40.6% compared to the previous year. In particular, SK Hynix increased its market share in the NAND flash field by acquiring Intel's NAND business division. SK Hynix can be said to be a world-famous semiconductor company.
Competitor research
SK Hynix's competitors are mainly global semiconductor companies. SK Hynix mainly produces memory semiconductors such as DRAM and NAND Storage, so companies with competitiveness in this field can become SK Hynix's competitors.
For example, in the DRAM market, Samsung Electronics and Micron are ranked as the world's top three memory manufacturers along with SK Hynix. In the NAND storage market, Intel and Toshiba are competing with SK Hynix. Additionally, in the SSD market, in addition to Samsung Electronics and Micron, companies such as Western Digital and Crucial are competing with SK Hynix. In addition, Chinese companies such as YMTC and Tsinghua Uni are pursuing growth to become self-sufficient in semiconductors, so they have the potential to become SK Hynix's long-term competitors.
social role
SK Hynix fulfills its social role in various ways. SK Hynix is creating social value through the following activities.
Environment: SK Hynix is accelerating efforts to improve the environment, including minimizing greenhouse gas emissions, reducing waste, and expanding water resource recycling. In addition, we are leading eco-friendly technology by expanding our low-power memory semiconductor products. SK Hynix is the first company in the memory semiconductor industry to join RE100, a declaration that 100% of the power used by companies will be covered by renewable energy by 2050.
Society: SK Hynix has been working to build a social safety net by encouraging medical staff to overcome COVID-19 and supporting smart devices necessary for home education of low-income children. In addition, we are realizing social value in terms of human rights and welfare, such as achieving the mandatory employment rate target for the disabled and establishing a corporate culture based on diversity and inclusiveness.
Economy: SK Hynix is contributing to the economic development of the country and local community through indirect economic contributions such as tax payment, employment, and dividends. In addition, we are helping the growth of the industrial ecosystem by supporting partners to increase the proportion of local production of materials, parts, and equipment and operating technology innovation company programs to revitalize the semiconductor ecosystem.
SK Hynix announced that it created social value of 5.3737 trillion won in 2020 through these activities. SK Hynix will continue to focus its company-wide capabilities on implementing 'SV 2030', a mid- to long-term plan to create social value. SK Hynix announced that it will seek ways to contribute to humanity and society, and will pursue 'Double Bottom Line (DBL) management', which pursues both economic and social values.
