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SK hynix Expects Strong Memory Demand on Server, Mobile Growth

SK hynix Expects Strong Memory Demand on Server, Mobile Growth

SEOUL, Jan. 29 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, said Friday it expected strong demand for memory chips this year on the back of growth in the server and mobile sectors after reporting robust fourth-quarter earnings amid the pandemic. Its net income reached 1.76 trillion won (US$1.6 billion) during the [...]

State Lenders to Offer $3 bln in Loans for SK hynix’s M&A

State Lenders to Offer $3 bln in Loans for SK hynix’s M&A

SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s state-run lenders and SK hynix Inc. signed an agreement to provide US$3 billion in loans to support mergers and acquisitions by the world’s second-biggest memory chipmaker, officials said Tuesday. The Korea Development Bank (KDB), Export-Import Bank of Korea (Eximbank) and NH Nonghyup joined the financing deal, which [...]