Korean chip manufacturer SK Hynix achieves record sales
The South Korean Apple supplier SK Hynix expects a dynamic development after the chip boom of the past few months. “Despite worries about disruptions in global supply chains, business developments over the past quarter illustrate that continued dynamic growth of the memory chip industry“, Said Hynix manager Kevin Noh according to a statement on Tuesday.
The high demand gave Hynix one in the third quarter Record sales of 11.8 trillion South Korean won (8.7 billion euros). That was 14 percent more than in the already strong second quarter. Of the operating profit rose by more than half to just under 4.2 trillion won. The bottom line was that the company earned two thirds more, with a good 3.3 trillion won.
At the moment, many chips are in short supply for goods from consumer electronics to automobiles, which has pushed prices up. The industry therefore is expanding capacities. In addition, customers are now likely to try Hoarding semiconductors. Experts are therefore already anticipating falling demand and falling prices.