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 [...]
SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc., the world’s second-largest manufacturer of memory chips, hit a yearly high on South Korea’s main bourse on Friday as its improving business outlook attracted strong foreign buying, data showed. As of 10:46 a.m., shares of SK hynix soared to a 52-week high of 97,000 won (US$83), [...]
SEOUL, Dec. 17 (Korea Bizwire) — Shares in Samsung Electronics and SK hynix — South Korea’s two largest chipmakers — soared to close at fresh yearly highs on Tuesday, buoyed by expectations for growing demand and a recovery in global chip prices. Samsung, the world’s No. 1 memory chipmaker, spiked 3.66 percent to close at [...]
SEOUL, Nov. 4 (Korea Bizwire) — The volume of South Korea’s chip exports has climbed more than 5 percent this year despite a tumble in prices of key products, data showed Monday. The country’s semiconductor exports totaled 29,834 tons for the year up to Oct. 25, up 5.2 percent from the same period a year [...]
SEOUL, Oct. 24 (Korea Bizwire) — SK hynix Inc. said Thursday its net profit for the third quarter dipped to the lowest level in more than three years on weak memory chip prices and global demand, but said it expected the memory industry to recover next year on adoption of 5G smartphones. The net profit [...]
SEOUL, Jul. 25 (Korea Bizwire) — SK hynix Inc. on Thursday reported dismal second-quarter earnings on lower memory chip prices, saying it will cut output to respond to challenging market conditions and uncertainties from trade disputes between South Korea and Japan. Net profit for the world’s No. 2 memory chip maker came to 537 billion [...]