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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 [...]

Samsung, SK hynix Lead Global NAND Flash Sales in Q2: Report

Samsung, SK hynix Lead Global NAND Flash Sales in Q2: Report

SEOUL, Sept. 1 (Korea Bizwire) — South Korean chipmakers Samsung Electronics Co. and SK hynix Inc. were the biggest NAND flash sellers in the world in the second quarter, an industry report showed Thursday. According to Taiwan-based market analyst firm TrendForce, Samsung’s NAND flash sales during the April-June period reached US$5.98 billion, with its global [...]

SK hynix Completes 576 bln-won Acquisition of Chip Contract Firm Key Foundry

SK hynix Completes 576 bln-won Acquisition of Chip Contract Firm Key Foundry

SEOUL, Aug. 2 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, said Tuesday it has wrapped up a 576 billion-won (US$492 million) acquisition of local chip contract manufacturer Key Foundry. The company said it has recently completed the official acquisition process of the 8-inch wafer foundry manufacturer from Magnus Investment Partners LLC, a [...]

SK hynix Logs Record Sales in Q2, Warns Weak Demand in 2nd Half

SK hynix Logs Record Sales in Q2, Warns Weak Demand in 2nd Half

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 [...]