SEOUL, July 27 (Korea Bizwire) — SK hynix Inc. said Wednesday it logged record quarterly sales and the best second-quarter operating profits in four years, driven by the sales of NAND flash and positive currency effects. The world’s second-largest memory chip maker reported its second-quarter net income of 2.87 trillion won (US$2.2 billion), up 44.7 [...]
SEOUL, July 19 (Korea Bizwire) — SK hynix Inc. suspended a factory expansion plan as global economic uncertainty is growing with red-hot inflation squeezing consumers’ buying power for electronic devices, sources said Tuesday. The world’s second-largest memory chip maker decided to hold off a capacity addition plan at its Cheongju campus during a board meeting [...]
SEOUL, July 8 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Thursday that it will launch a program with its chipmaking affiliate SK hynix Inc. to share their practical knowledge and know-how in the areas of semiconductors and artificial intelligence (AI) with local universities. The two companies will establish an online [...]
SEOUL, July 5 (Korea Bizwire) — SK hynix Inc. said Tuesday it has set up makeshift tents for workers in its chip fabrication factory in Wuxi, China, to prevent a potential citywide COVID-19 lockdown from disrupting its production. Eastern cities in China, including Wuxi, have recently reported an increasing number of coronavirus infections, raising fears [...]
SEOUL, June 24 (Korea Bizwire) — South Korea’s top two chipmakers — Samsung Electronics Co. and SK hynix Inc. — are coming up with ways to ensure work-life balance for employees. During a recent meeting with female employees, Samsung Vice Chairman Han Jong-hee announced that the company will introduce a reboarding program for employees returning [...]
SEOUL, June 9 (Korea Bizwire) — SK hynix Inc. said Thursday it has begun mass production of a high-end product known as the world’s fastest DRAM and will supply it to American graphics-chip maker Nvidia. It came seven months after the South Korean chipmaker said it successfully developed the High Bandwidth Memory 3 (HMB3) that [...]
SEOUL, May 26 (Korea Bizwire) – Samsung Electronics Co. and SK hynix Inc. took up more than half of the global NAND flash memory chip market in the first quarter, a report showed Thursday, up by more than 8 percent from the previous quarter. Samsung, the world’s largest memory chip maker, expanded its market share [...]
SEOUL, May 4 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, held a picnic day in which the company rented the entire Legoland from Friday to Sunday, inviting 10,000 employees and their family members each day. The event came as part of the company’s welfare package. A grand opening of Legoland, a [...]
SEOUL, April 27 (Korea Bizwire) — SK hynix Inc. reported strong first-quarter earnings Wednesday on the back of robust chip demand for servers despite being in the traditionally low season. Net income rose 99.8 percent on-year to reach 1.98 trillion won (US$1.6 billion), the chipmaker said in a regulatory filing. The figure is lower than [...]
SEOUL, March 30 (Korea Bizwire) — SK hynix Inc., the world’s second largest memory chip maker, is reviewing to acquire British semiconductor company Arm Ltd. with strategic partners, its top executive said Wednesday. “We are reviewing possibly forming a consortium, together with strategic partners, to jointly acquire it,” Park Jung-ho, vice chairman and CEO of [...]