Hynix to Issue Convertible Bonds

Hynix Semiconductor Inc. said Thursday that its board has approved a plan to issue 557.9 billion won ($500.2 million) in convertible bonds overseas, giving the Korean chip maker leeway to expand as robust demand for personal computers and smartphones is driving up chip prices.

The bond issue by Hynix, the world's second-largest computer memory chip maker by revenue after Samsung Electronics Co., comes amid a positive outlook for ...