SEOUL, June 30 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, is likely to see its second-quarter profit more than double from a year earlier, analysts here said Tuesday, thanks to strong memory chip prices amid the novel coronavirus pandemic. SK hynix was expected to log 8.29 trillion won (US$6.9 billion) in sales [...]
SEOUL, May 25 (Korea Bizwire) — Samsung Electronics Co.’s share of the global NAND flash market in the first quarter of the year dropped slightly compared to three months earlier, a report showed Monday, although it maintained dominance in the sector. The South Korean tech giant, also the leader in the DRAM sector, had a [...]
SEOUL, May 20 (Korea Bizwire) — South Korean chipmakers are looking to score big in the graphics DRAM sector in the second half of the year, industry observers said Wednesday, as demand for such products is expected to rise with the release of new graphics processing units (GPUs) and new gaming consoles. According to DRAMeXchange, [...]
SEOUL, May 12 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, said Tuesday it has joined hands with the country’s leading research university to use artificial intelligence (AI) technology in the chip manufacturing process. Under the memorandum of understanding with the Korea Advanced Institute of Science and Technology (KAIST), SK hynix will provide [...]
SEOUL, April 23 (Korea Bizwire) — SK hynix Inc. on Thursday delivered an earnings surprise for the first quarter of the year, apparently aided by increased demand for IT products needed for social distancing amid the coronavirus outbreak. The net profit of South Korea’s No. 2 memory chip producer came to 649.1 billion won (US$526 [...]
SEOUL, April 16 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, is expected to see an earnings rebound in the first quarter of the year, analysts here said Thursday, on the back of robust demand for server chips amid the novel coronavirus pandemic. SK hynix, a major memory chip producer, was projected [...]
SEOUL, March 31 (Korea Bizwire) — SK hynix Inc.’s revenue from its non-memory chip business spiked last year, its business report showed Tuesday, as South Korea’s No. 2 chipmaker looks to expand its presence beyond the memory semiconductor industry. SK hynix’s non-memory chip business logged sales of 1.6 trillion won (US$1.3 billion) in 2019, more [...]
SEOUL, March 31 (Korea Bizwire) — South Korean chipmaker MagnaChip Semiconductor Corp. said Tuesday it has signed a deal to sell its foundry business and a domestic plant for US$435 million. The assets will be sold to a special purpose company (SPC) set up by two local buyout firms — Alchemist Capital Partners Korea and [...]
SEOUL, Feb. 20 (Korea Bizwire) — SK hynix Inc., the world’s No. 2 memory chipmaker, said Thursday that about 800 workers at its South Korean headquarters have entered self-quarantine after a new recruit was found to have had contact with a new coronavirus patient. The employee later tested negative, but the company kept the quarantine [...]
SEOUL, Jan. 31 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, said Friday it swung to a loss in the fourth quarter from a year earlier due to a slump in the memory chip sector. For the three months that ended Dec. 31, SK hynix shifted to a net loss of 118.2 [...]