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350 SK Hynix is feeling the brunt from waning demand, worsening US-China chip war

Tech Wire Asia
Dashveenjit Kaur @ Tech Wire Asia 3 place · 10/26/2022 00:30 EDT

SK Hynix is feeling the brunt from waning demand, worsening US-China chip war

SK Hynix Inc will be cutting its capital expenditure for next year by at least half. Should the situation get harder to handle, the Korean chipmaker might be forced to close its DRAM production plant in Wuxi, near Shanghai. The company just reported a 60% decline in third-quarter profit as memory chip demand plunged. “SK... Read more »

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