Friday, 24 March, 2023

SK Hynix Forecasts Deterioration in Chip Market, Posts Record Quarterly Loss

<p>SK Hynix, a leading semiconductor company, has warned of a worsening chip downturn in the first half of the year and posted a record quarterly loss due to a decline in demand and prices. Despite the company&#39;s expectations for a market recovery in H2, the overall impact on the industry remains uncertain. The company&#39;s warning highlights the ongoing challenges faced by the chip industry and the need for companies to adapt to a rapidly changing market.<br /> &nbsp;</p>