SK Hynix

SK Hynix 2022 Working Revenue Drops 44 P.c Amid Chip Stoop

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SK Hynix is the second-largest reminiscence chip producer on this planet, so its quarterly earnings studies are consistently analyzed for business tendencies. Sadly for SK Hynix, its This fall 2022 outcomes mirrored the general downward spiral of the PC business through the second half of 2022.

The South Korean firm posted its first working loss in over ten years (relationship again to Q3 2012). The corporate’s poor quarter was compounded by lowered demand for reminiscence chips and a big drop in reminiscence pricing in This fall. Because of this, the corporate reported income of seven.699 trillion gained ($6.267 billion), an working lack of 1.701 trillion gained ($1.384 billion), and a web lack of 3.524 trillion gained ($2.868 billion). Working revenue plunged 44 p.c for the entire 12 months — regardless of income growing by 4 p.c in comparison with 2021.

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