February 9, 1998 (SEOUL) -- Hyundai Electronics Industries Co., Ltd. set a 1998 semiconductor sales target of US$2.5 billion, including US$2.3 billion in exports, up 25 percent over last year.

The company announced a sales plan that envisions US$900 million in 16Mb DRAMs, US$1.1 billion in 64Mb DRAMs and US$500 million in other kinds of memory and non-memory products.

Despite a supply glut around the world, Hyundai raised its sales goal because it expects to gain more profits from its 64Mb DRAM products, the company said.

Hyundai is decreasing production of 16Mb DRAM chips from 20 million units to 16 million units a month and increasing 64Mb DRAM production from 5 million units to 10 million units a month.

In particular, Hyundai Electronics, which now focuses primarily on high-speed synchronous memory chips, also plans to develop a technology to mass produce 128Mb DRAMs by the second quarter of this year.

(Maeil Business Newspaper, Korea)