Tag: hynix
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SK Hynix’s Korean workers launch unified union amid stalled wage talks
SEOUL, Aug 13 : Workers at SK Hynix on Thursday launched a new labour union in South Korea, seeking to bring together employees across different job categories and locations as they pursue greater bargaining power at the leading memory chipmaker.The launch comes as SK Hynix and its existing unions are locking
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SK Hynix board approves $38 billion investments for South Korea’s Yongin, Cheongju chip plants
SEOUL, Aug 7 : South Korea’s SK Hynix said on Friday that its board had approved about 54.3 trillion won ($38.30 billion) of investments through 2031, including 35.2 trillion won for the second phase of construction of its chip fabrication plant in Yongin and 19.1 trillion won for its M17 chip plant in Cheongju.
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SK Hynix to announce additional shareholder return measures in third quarter
SEOUL, Aug 7 : South Korea’s SK Hynix said on Friday it was “actively reviewing” additional shareholder return measures to enhance shareholder value and expected to finalise and announce details in the third quarter, according to a regulatory filing. The company also said it would pay a dividend of 375 won pe
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SK Hynix rises as brokerages launch coverage with bullish ratings
Aug 4 : Recently listed U.S. shares of SK Hynix rose 5 per cent after six brokerages started coverage of the South Korean chipmaker with bullish ratings, citing its dominance in the booming AI memory market and access to a broader global investor base.The American Depositary Receipts of SK Hynix, whose primar
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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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CSOP adopts flexible leverage for Samsung, SK Hynix ETFs amid volatility
HONG KONG, July 28 : Hong Kong’s CSOP Asset Management announced it will adopt a flexible leverage framework for 12 exchange-traded funds (ETFs), including those tracking Samsung Electronics and SK Hynix, after the city’s securities regulator adjusted rules in an effort to smooth market volatility.** Effectiv
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SK Hynix set to benefit as South Korea’s ruling party seeks to ease capital-raising rules
SEOUL, July 14 : South Korea’s ruling party is seeking to make it easier for chipmaker SK Hynix to set up ventures to build factories with outside investors — a move that follows a government push to position the country as an AI powerhouse.Members of President Lee Jae Myung’s Democratic Party of Korea have
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SK Hynix sinks after Nasdaq debut amid profit-taking, easing earnings optimism
SEOUL, July 13 : SK Hynix shares dropped as much as 8.2 per cent in early Seoul trade on Monday as investors booked profit, after a high-profile U.S. listing saw the world’s leading AI memory chipmaker surge 12.8 per cent in its Nasdaq debut on Friday.The South Korean firm raised over $26 billion selling Amer
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SK Hynix shares fall as much as 4.4% in Seoul after strong Nasdaq debut
SEOUL, July 13 : SK Hynix shares fell as much as 4.4 per cent in early trade on Monday after the world’s leading AI memory chipmaker surged 12.8 per cent in its Nasdaq debut on Friday, following a high-profile U.S. listing.The South Korean memory chip manufacturer raised more than $26 billion by selling Ameri
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