SK hynix reports first loss in a decade as memory prices fall
Memory chipmaker SK hynix saw its first operating loss in 10 years for calendar Q4 of 2022 amid a sharp fall in prices, although it's forcasting a gradual recovery later this year.revenue of ₩7.7 trillion for the three months, up 4 percent year-on-year, and an operating loss of ₩1.7 trillion . This compared to an operating profit of ₩4.2 trillion during the same quarter a year ago.
"Revenues continued to grow last year, but the operating profit decreased compared with a year earlier as the industry entered into a downturn from the second half," SK hynix said. SK hynix managed to increase high-capacity DRAM shipments for the server and PC markets during 2022, while boosting sales of DDR5 and HBM products. It picked out revenues for datacenter SSD chips, which it claimed have more than quadrupled compared with a year earlier.
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