SK hynix widens quarterly losses

SK hynix widens quarterly losses

The traffic signal turns red in front of the headquarters of SK hynix Inc. in Icheon, south of Seoul, on April 26, 2023. The world's second-largest memory chip maker said it logged losses for the second consecutive quarter, as a worsening macroeconomic climate dented demand for semiconductors used in PCs and other digital products, and a continued chip glut wiped out profits, with its operating losses amounting to 3.4 trillion won (US$2.5 billion) in the first quarter, compared with a profit of 2.86 trillion won a year ago. (Yonhap)

(END)

(C) Yonhap News Agency. All Rights Reserved