SEOUL, May 15 (Korea Bizwire) — South Korean chipmakers are making extensive efforts to develop next-generation memory technology in order to overcome the recession and prepare for the upcoming market upturn. Samsung Electronics Co. recently announced its plans to develop and mass-produce a 128-gigabyte DRAM, which will support Compute Express Link (CXL) 2.0. This will [...]
SEOUL, April 26 (Korea Bizwire) — SK hynix Inc. said Wednesday it logged losses for the second consecutive quarter, as a worsening macroeconomic climate dented demand for semiconductors used in PCs and other digital products, and a continued chip glut wiped out profits. The world’s second-largest memory chip maker said in a regulatory filing its [...]
SEOUL, March 29 (Korea Bizwire) — SK hynix Inc. is not sure yet whether to apply for U.S. government grants under the Chips Act, the chipmaker’s top executive said Wednesday, calling the process too complicated. While the application is under serious consideration, “we found the process too demanding,” Park Jung-ho, vice chair and co-CEO of [...]
SEOUL, March 22 (Korea Bizwire) — South Korean chipmakers appeared to breathe a sigh of relief Wednesday, as the U.S. government’s new rules for the Chips Act, announced last night, were less stringent than had been previously feared. Washington said late last month it would ban any recipient of federal money from the US$53 billion [...]
SEOUL, March 2 (Korea Bizwire) — Washington’s Chips Act and its requirements for companies receiving incentives are likely to put South Korean chipmakers’ ability to navigate business uncertainties and balance between the United States and China to the test. The Biden administration on Tuesday announced conditions for subsidies under the US$53 billion act, designed to [...]
SEOUL, Feb. 1 (Korea Bizwire) — SK hynix Inc. said Wednesday it swung to a deficit in the fourth quarter due to the global chip market’s slowdown amid weak demand and oversupply. The world’s second-largest memory chip maker logged an operating loss of 1.7 trillion won (US$1.37 billion) for the three months ending in December, [...]
SEOUL, Jan. 19 (Korea Bizwire) — Global semiconductor revenue grew only around 1 percent on-year last year, a recent report showed Thursday, with the memory chip sector suffering the most. According to tech research firm Gartner, worldwide chip revenue is estimated to have risen 1.1 percent to US$601.7 billion in 2022, a significant drop from [...]
SEOUL, Jan. 11 (Korea Bizwire) – SK hynix Inc., a major South Korean chipmaker, said Wednesday it has raised US$1 billion by selling a so-called sustainability-linked bond (SLB). An SLB is a type of bond for which the interest rates can vary depending on whether the issuer achieves predefined environmental, social, and governance management objectives. [...]
SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc. said Monday it had set up the Sustainability Reporting System (SRS) to comprehensively unveil its environmental, social and governance (ESG)-related data. The SRS will disclose the memory chip maker’s ESG strategies, objectives, activities, performance and policies. A variety of ESG information ranging from the point of orientation [...]
SEOUL, Nov. 22 (Korea Bizwire) — SK hynix Inc., the world’s No. 2 memory chip maker, is slipping in the ranking of market capitalization amid growing concerns about a slump in the semiconductor market. On Monday, SK hynix shares closed at 86,300 won, down 2.38 percent from the previous trading day. The company’s market capitalization [...]