SEOUL, Nov. 2 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chip maker, is agonizing over its growing stockpile of inventory amid a slowdown in chip demand worldwide. According to company data, its third-quarter inventory assets amounted to 57.3 trillion won (US$40.4 billion) after passing the 41 trillion won mark in the fourth [...]
SEOUL, Oct. 26 (Korea Bizwire) — SK hynix Inc. reported its third-quarter earnings Wednesday, falling short of analysts’ expectations on the top and bottom lines, amid a cyclical downturn of the global semiconductor industry. The chipmaker’s third-quarter net income was 1.1 trillion won (US$769.4 million), down 66.7 percent from a year earlier, according to a [...]
SEOUL, Oct. 21 (Korea Bizwire) — SK hynix Inc., the world’s second-largest memory chip maker, is expected to report disappointing third-quarter earnings next week, analysts said Friday, marking a sharp departure from record-breaking performances for the past few years, amid a cyclical downturn of the global semiconductor industry. SK hynix’s operating profit for the three [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea has drawn investment of a combined US$20 billion from Dutch and German semiconductor companies, the industry ministry said Friday. The investment pledges were made as Moon Dong-min, a deputy minister for trade and investment, visited the Netherlands and Germany for trade talks earlier this week, according to [...]
SEOUL, Oct. 12 (Korea Bizwire) – SK hynix Inc., the world’s second-largest memory chip maker, said Wednesday it has been temporarily exempted from the United States’ export control measures and is allowed to continue normal production activities in China for one year. The U.S. Department of Commerce allowed the chipmaker and its business partners to [...]
SEOUL, Oct. 11 (Korea Bizwire) — SK hynix Inc. said Tuesday it will continue efforts to ensure smooth business operations in China, following a media report that a U.S. chip equipment maker will halt offering some supplies and services to the South Korean memory chip giant’s operations in the country. Earlier in the day, Reuters [...]
SEOUL, Oct. 9 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc. of South Korea will strive for smooth business operations in China, in spite of the latest U.S. export controls, on the basis of continued consultations with governments concerned, according to officials of the firms Sunday. The Joe Biden administration announced a set [...]
SEOUL, Oct. 6 (Korea Bizwire) – Samsung Electronics Co. is not considering a cut in production of its memory chips despite slowing demand amid concerns over a global economic recession, a senior executive has said. “There is no internal discussion (about a cut in memory chip production),” Han Jin-man, executive vice president and head of [...]
SEOUL, Oct. 6 (Korea Bizwire) — SK hynix Inc., the world’s second largest memory chip maker, said Wednesday it had expanded the share of domestically-produced neon gas used in its chip manufacturing process to 40 percent. Neon is one of the main components of excimer laser gas, which is used in photolithography. Thus far, South [...]
SEOUL, Sept. 25 (Korea Bizwire) – The third-quarter earnings outlooks for Samsung Electronics Co. and SK hynix Inc., the world’s top two leading chip manufacturers, remain largely grim due to a recent fall in global demand for memory chips, an industry data analysis showed Sunday. According to the analysis by Yonhap Infomax of earnings outlooks [...]