South Korea-based chipmaker SK Hynix put on a brave face after another quarter of falling profitability and revenue, highlighting a gradual recovery in demand and plans to boost capex in 2024 after slashing the outlay earlier this year.
On its Q3 earning call, CFO Kim Woohyun noted growing demand for high-performance memory chips contributed to a lower rate of decline in sales.
Chip demand was driven by flagship smartphone launches and a surge in AI server deployments.
“We believe the memory industry is finally passing through the severe downturn and is entering the stage of full recovery.”
Kim noted it aims to minimise the capex increase by considering investment efficiency and financial stability.
The company booked a net loss of KRW2.2 trillion ($1.6 billion) compared with a profit of KRW1.1 trillion in Q3 2022, while revenue fell 17 per cent to KRW9.1 trillion.
Kim said cuts in chip production are helping to stabilise prices, with DRAM increasing about 10 per cent and NAND declining slightly.
With uncertainty in the global economy delaying a recovery in demand for memory, he noted growth for Q4 was revised downward to a mid-single-digit percentage for DRAM and a high single digit for NAND.
It forecast high-teen percentage growth for both in 2024.
He stated securing waivers on US export controls “significantly resolves” the uncertainly of its operations in China since it is able to import specific equipment without applying for a licence.
The post SK Hynix offers rosy outlook after seeing red appeared first on Mobile World Live.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip