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SK hynix suffers $2.54 bil. loss in Q1 on memory chip bust

SK hynix posted an operating loss of 3.4 trillion won ($2.54 billion) in the first quarter of this year, suffering a loss for the second consecutive quarter due to deteriorating semiconductor industry conditions, the memory chipmaker said, Wednesday. However, the company added it expects global chip market conditions to recover in the second quarter after bottoming out in the first three months of this year.
Kyonggi Do South Korea Baek Byung Yeul Sk Group Gyeonggi Province Samsung Securities

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Samsung, SK in dilemma over US pressure not to boost chip output in China

Koreas top memory chipmakers - Samsung Electronics and SK hynix - are caught in the middle of an escalating U.S.-China semiconductor tussle, facing pressure from Washington to stop boosting semiconductor output in their largest market, China, according to industry experts, Tuesday. They urged the Korean government to take more steps to protect them, claiming it is going too far to tell for-profit companies to make business decisions based on the logic of a geopolitical power struggle.
United States Kyonggi Do South Korea Baek Byung Yeul Kim Dae Jong Yoon Suk Yeol

Tougher conditions for US CHIPS Act may discourage Taiwan, Korea chipmakers from investing

The details of the US CHIPS and Science Act (also known as the CHIPS Act) subsidies, which aims to rebuild the countrys local semiconductor supply chain, have been released, but it revealed numerous limits and constraints. The strictness may impact the desire of Taiwan- and South Korea-based chipmakers to apply and invest, according to industry observers.
Science Act Advanced Packaging Hips Components Hips Act East Asia C Manufacturing

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