SEOUL, July 26 (Korea Bizwire) — SK hynix Inc. said Wednesday it logged losses for three quarters in a row as a demand slump continued amid macroeconomic woes, but it called the bottom on the chip market. The world’s second-largest memory chip maker said in a regulatory filing its operating losses amounted to 2.88 trillion [...]
SEOUL, July 10 (Korea Bizwire) — SK hynix Inc. said Monday it was mulling selling a water processing facility to SK reit Co. to secure funds for future investment and enhance financial soundness. The world’s second-largest memory chip maker said the potential sale of the “non-core asset” to the real estate investment trust company, another [...]
SEOUL, July 5 (Korea Bizwire) — SK hynix Inc. said Wednesday it received the AAA certification from the South Korean government for a voluntary compliance trader of strategic assets. The Ministry of Trade, Industry and Energy upgraded SK hynix’s status by one notch to the highest level of the three-tier system for trading key products [...]
SEOUL, June 25 (Korea Bizwire) – SK hynix Inc. and the chip division of Samsung Electronics Co. are expected to post quarterly losses in the second quarter after reporting losses in the previous three months as the chip downturn drags on, market data showed Sunday. Samsung Electronics is projected to report an operating profit of [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s chip industry is keeping close tabs on the status of exemptions from Washington’s export control measures designed to limit China’s access to advanced chip technologies following a report that such exemptions could be extended. The Wall Street Journal reported Monday that Alan Estevez, under secretary of commerce [...]
SEOUL, June 6 (Korea Bizwire) —SK hynix, a renowned semiconductor company, announced the recent release of Beetle X31 (X31), a portable solid-state drive (SSD) designed for general consumer use. The X31 marks SK hynix’s entry into the external SSD market, boasting impressive sequential read speeds of up to 1,500MB/s and sequential write speeds of 1,000MB/s. [...]
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 [...]