SK Hynix unveiled the world's first 8 gigabyte mobile chip in Shenzhen, China on Tuesday, aiming for a slice of the country's burgeoning market for microchips powering mobile devices.
Staff from around 70 major Chinese smartphone makers, such as Huawei, ZTE and Coolpad, as well as China Mobile, attended the event.
Jin Jung-hoon, head of marketing at SK Hynix said, "China has the biggest growth potential in the market, so we plan to further strengthen our presence there by forming strategic partnerships."
The Korea Institute for Industrial Economics and Trade said China accounted for 28 percent of the global smartphone market last year, ranking second after Korea (36 percent), and will become the No. 1 player in 2016.