|Bid||92,000.00 x 0|
|Ask||92,100.00 x 0|
|Day's range||91,300.00 - 93,200.00|
|52-week range||73,100.00 - 134,000.00|
|Beta (5Y monthly)||0.93|
|PE ratio (TTM)||N/A|
|Earnings date||25 Apr 2023 - 01 May 2023|
|Forward dividend & yield||2,740.00 (3.00%)|
|Ex-dividend date||28 Dec 2022|
|1y target est||116,662.00|
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.
(Bloomberg) -- This time was supposed to be different.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 Billion, Bonds SinkPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonGeorgia Wants Russia to Leave Its Land in a Ukraine Peace DealThe memory-chip sector, famous for its boom-and-bust cycles, had changed its ways. A combination of more disc
The days of lofty prices and sky-high demand for memory chips are over. Micron Technology (NASDAQ: MU) announced on Wednesday that it was dramatically ramping up its efforts to keep inventory levels in check as demand for DRAM and NAND chips slump. Micron is slashing wafer starts for DRAM and NAND chips by 20% compared to the fiscal fourth quarter of 2022.