SK Hynix plunges into the red - Mobile World Live

South Korea-based SK Hynix dropped into the reddish successful the last 4th of 2022, arsenic anemic request and falling representation spot prices resulted successful a double-digit diminution successful revenue.

The chipmaker recorded a nett nonaccomplishment of KRW3.5 trillion ($1.4 billion) compared with a nett of KRW3.3 trillion successful Q4 2021. Revenue fell 38 per cent to KRW7.7 trillion.

It stated an operating nonaccomplishment was its archetypal successful 10 years. The institution stood by a program to trim capex by much than 50 per cent from the KRW19 trillion spent successful 2022.

“With uncertainties inactive lingering, we volition proceed to trim investments and costs, portion trying to minimise the interaction of the downturn by prioritising markets with precocious maturation potential.”

It forecast marketplace conditions to amended aboriginal this and request to gradually retrieve arsenic planetary tech companies commencement to follow much representation chips arsenic prices fall.

For the mobile segment, SK Hynix expects little transmission inventory and a reopening successful China to thrust a betterment successful H2.

It predicts continued polarisation betwixt flagship, and low-end and midrange models.

Rival Samsung’s Q4 revenue fell 8.2 per cent to KRW70.5 trillion owed to a anemic show of its representation and mobile instrumentality businesses.

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