SK Hynix

SK Hynix to Halve CapEx Amid Drop in Reminiscence Demand

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As demand for PCs and smartphones slumps, so does demand for 3D NAND and DRAM reminiscence. Because of this, firms like SK Hynix undergo from dropping income and dramatic declines of income. In response to stories by way of Reuters and Nikkei Asia, in a bid to steadiness the books, SK Hynix plans to halve its capital expenditures subsequent yr and deal with the manufacture of dearer sorts of reminiscence. The corporate additionally plans to evaluate the way forward for its fab in China.

SK Hynix Cuts CapEx On account of Main Income Fall

Similar to different semiconductor firms, the reminiscence maker believes that demand for chips will likely be sluggish for a number of quarters and provide will exceed demand, which implies tiny income amid reducing income. To that finish, SK Hynix will cut back its CapEx funding subsequent yr by greater than 50% year-over-year. The corporate doesn’t disclose how a lot will it spend on new fabs and instruments in 2023, however solely says that it could be ‘on the higher vary of 10 – 20 trillion gained ($7 billion – $14 billion). 

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