Tag: SK Hynix
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South Korea’s SK hynix unveils record US$28.9 billion share buyback
SEOUL: South Korean chip giant SK hynix said Wednesday (Aug 19) it would buy back a record US$28.9 billion of its own shares as it looks to reassure investors as it is battered by growing worries about the AI investment boom.The company, a key producer of advanced high-bandwidth memory (HBM) chips used to run
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SK hynix posts 1,200% net profit boost on AI chip boom
SEOUL: South Korea’s SK hynix said on Wednesday (Jul 29) that second-quarter net profit soared a whopping 1,242 per cent year-on-year, driven by the artificial intelligence industry’s explosive demand for its advanced memory chips.SK hynix is a specialist supplier of high-bandwidth memory chips to US industry
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SK Hynix posts sixfold rise in Q2 profit on AI chip demand, misses forecasts
SEOUL: South Korean chipmaker SK Hynix reported a more than sixfold increase in quarterly operating profit to a record high on Wednesday (Jul 29), driven by robust demand for advanced memory chips as big technology firms ramped up spending on AI data centres.The Nvidia supplier reported a 557 per cent
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Samsung, SK Group seal US$950 billion deals with US AI firms to lock in South Korean chip supply
The deals are the latest moves by US AI firms to driving tech companies into closer partnerships with South Korea’s semiconductor and memory leaders.
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South Korean court orders SK chairman Chey to pay US$644 million to ex-wife in divorce ruling
SEOUL: A South Korean court ordered an AI chip-manufacturing tycoon on Friday (Jul 24) to make a trimmed-down US$644 million divorce payment to his former wife.Chey Tae-won, 65, is the chairman of the SK Group, which owns world-leading memory
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Commentary: SK Hynix is a golden goose. It has to lay more eggs
The chipmaker’s blockbuster US listing signals South Korea’s arrival on the global economic stage, but retail investors should tread carefully, says Shuli Ren for Bloomberg Opinion.
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SK hynix plunges after NASDAQ debut amid profit-taking, diminishing earnings optimism
The South Korean chip giant plunged more than 15 per cent on Monday (Jul 13).
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Oil prices spike on fresh US-Iran attacks, tech hammers on stocks again
Seoul led losses in most Asian stocks, dragged down by market heavyweight SK hynix’s plunge of more than 15 per cent.
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Oil prices spike on fresh US-Iran attacks, tech weighs on stocks again
Seoul led losses in most Asian stocks, dragged down by market heavyweight SK hynix’s 10 per cent plunge.
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Commentary: Micron’s massive profits are a guarantee of trouble
Chip scarcity is forcing up memory prices and making the likes of Micron and SK Hynix astonishingly profitable. That’s a guarantee of trouble, says Chris Bryant for Bloomberg Opinion.
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