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SK hynix Reports 60-pct Drop in Q3 Profit, Cuts 2023 Investment by Half amid Chip Downturn

SK hynix Reports 60-pct Drop in Q3 Profit, Cuts 2023 Investment by Half amid Chip Downturn

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 [...]

SK hynix Likely to Report Poor Q3 Results amid Chip Downturn

SK hynix Likely to Report Poor Q3 Results amid Chip Downturn

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 [...]

SK hynix Reaffirms Efforts for Smooth Operations in China Despite U.S. Export Controls

SK hynix Reaffirms Efforts for Smooth Operations in China Despite U.S. Export Controls

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 [...]

Samsung, SK Vow Efforts for Smooth Operations in China Despite U.S. Chip Export Curbs

Samsung, SK Vow Efforts for Smooth Operations in China Despite U.S. Chip Export Curbs

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 [...]

Samsung’s, SK hynix’s Q3 Earnings Outlook Grim amid Weakened Global Chip Demand

Samsung’s, SK hynix’s Q3 Earnings Outlook Grim amid Weakened Global Chip Demand

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 [...]