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☆ Chipmakers signal supply glut easing but demand recovery still slow
  + stars: | 2023-07-28 | by ( Joyce Lee | ) www.reuters.com   time to read: +5 min
"Demand is recovering very gradually," Woohyun Kim, chief financial officer at SK Hynix, said on an earnings call this week. "The recent improvement in PC shipments has been mainly led by promotions and low-end models, meaning it provided limited impact on chip demand recovery," he said, adding that shipment forecasts for PCs and smartphones this year have been downgraded from earlier predictions. Chipmakers are also increasing production of the high-end chips used to support AI related chips. SK Hynix said demand for AI server memory had more than doubled in the second quarter compared to the first quarter. The company leads the market in high bandwidth memory (HBM) DRAM used in generative AI.
Persons: Florence Lo, Canalys, Woohyun Kim, ChatGPT, Pat Gelsinger, SK Hynix, Logan Purk, Edward Jones, Lam, Tim Archer, 1,278.7400, Joyce Lee, Akash Sriram, Akshita, Chavi Mehta, Tanya Jain, Max A, Cheney, Stephen Nellis, Miyoung Kim, Miral Organizations: REUTERS, Intel, Samsung, SK Hynix, SK, chipmaker Texas, Wall, Manufacturers, KLA Corp, Lam Research, Thomson Locations: SEOUL, China, HBM, Seoul, Bengaluru, Max, San Francisco
☆ SK Hynix warns chip downturn to worsen in Q1, posts record quarterly loss
  + stars: | 2023-02-01 | by ( Joyce Lee Heekyong Yang | Joyce Lee | Heekyong Yang | ) www.reuters.com   time to read: +4 min
[1/2] Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. SK Hynix flagged lower chip prices in the current quarter. For the fourth quarter ended December, SK Hynix swung to a worse-than-expected 1.7 trillion won ($1.38 billion) operating loss, from 4.2 trillion won profit a year earlier. Analysts had expected a 1.3 trillion won operating loss, according to Refinitiv SmartEstimate. On its earnings call, SK Hynix said it will focus its resources on advanced chips to prepare for a market upturn in 2024.
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