Topic summary
Hynix Semiconductor
Extracted from the Wikipedia article SK Hynix.
Hynix
In 2001, Hyundai Electronics rebranded as Hynix Semiconductor, a portmanteau of "high" and "electronics". Alongside this change, Hynix began selling or spinning off business units to recover from a cash squeeze. Hynix separated several business units, including Hyundai Curitel, a mobile phone manufacturer; Hyundai SysComm, a CDMA mobile communication chip maker; Hyundai Autonet, a car navigation system producer; ImageQuest, a flat panel display company; and its TFT-LCD unit, among others. The divestiture was part of a bailout plan requested by the major creditor, Korea Development Bank, to provide fresh funds to the insolvent semiconductor maker.