As memory prices plunge, SK Hynix reports a ~$1.4B Q4 operating loss, its biggest quarterly operating loss yet, vs. ~$900M est., and a 38% YoY drop in revenue
Hynix is more explicit about the need to adjust to the downturn, saying “with uncertainties still lingering, we will continue to reduce investments and costs, while trying to minimize the impact of the downturn by prioritizing markets with high growth potential.”
Just when you thought Samsung had a terrible quarter with an operating margin of 1.3%, memory-chip rival SK Hynix reports -22% for the same profitability measure https://www.bloomberg.com/... https://twitter.com/...