SK Hynix optimistic on chip demand after tripling fourth-quarter earnings
Bloomberg
Memorychip maker SK Hynix Inc’s fourth-quarter earnings more than tripled after lockdowns and stay-at-home orders boosted demand for PCs and purchases from Chinese smartphone makers.
The supplier of silicon to Apple Inc struck a more optimistic tone than rival Samsung Electronics Co, which had a day earlier warned of weakness in its first quarter.
Hynix yesterday said that it expects the memory market to recover, but warned of uncertainty over disruptions to supply from the COVID-19 pandemic and a tightening in global chipmaking capacity.
“Demand this year is going to be much more positive than the supply side,” Hynix DRAM marketing vice president MS Park said. “Both the market and customers appear to be upwardly adjusting their outlook.”