|Bid||87,200.00 x 0|
|Ask||87,300.00 x 0|
|Day's range||86,700.00 - 90,700.00|
|52-week range||73,100.00 - 123,000.00|
|Beta (5Y monthly)||0.92|
|PE ratio (TTM)||N/A|
|Earnings date||25 Apr 2023 - 01 May 2023|
|Forward dividend & yield||2,740.00 (3.15%)|
|Ex-dividend date||28 Dec 2022|
|1y target est||111,833.00|
SEOUL (Reuters) -South Korea's trade ministry said on Wednesday that the United States' proposed rules to prevent $52 billion in chip funding from being used by "countries of concern" will not force recipients to shut down their China factories. The U.S. Commerce Department on Tuesday proposed limits for recipients of U.S. chip manufacturing and research funding, including limits on investing in expansion in countries such as China and Russia. The world's largest and second-largest memory-chip makers, Samsung Electronics and SK Hynix, have chip production facilities in China.
The United States will likely limit the level of advanced semiconductors made by South Korean companies in China, a senior U.S. official said. In October, South Korea's Samsung Electronics and SK Hynix, the world's top memory chip makers, received an one-year reprieve from U.S. export restrictions aimed at thwarting Beijing's technological ambitions and blocking its military advances. "What will likely be is a cap on the levels that they can grow to in China," said Alan Estevez, the U.S. Commerce Department's under secretary for industry and security, when asked what would happen after the waiver ended.
SEOUL (Reuters) -South Korea's SK Hynix Inc cautioned that the chip industry downturn, the worst in over a decade, will deepen further in the next few months as it posted a record quarterly operating loss on Wednesday. Market conditions will gradually improve later this year as chipmakers cut supply in response to the drop in global tech demand and clients buy chips again at low prices, said SK Hynix, the world's No.2 memory chipmaker after Samsung Electronics. "The recent drop in memory prices is the largest since the fourth quarter of 2008 ... industry-wide inventory is probably at an all-time high," SK Hynix's finance chief, Woohyun Kim, said in an earnings call.