SK Hynix more upbeat than rivals on rising memory-chip demand

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SEOUL, Oct 26 (Reuters) – SK Hynix (000660.KS) forecast steady demand for memory chips on Tuesday as it posted its highest quarterly operating profit in nearly three years on the back of rising prices, striking a more bullish note than rivals including Micron (MU.O).

SK Hynix and other other chipmakers have been hit by slowing personal computer sales after a pandemic-led surge, but the South Korean company said supply bottlenecks had created pent-up demand for PC chips that could boost sales next year.

http://SEOUL, Oct 26 (Reuters) – SK Hynix (000660.KS) forecast steady demand for memory chips on Tuesday as it posted its highest quarterly operating profit in nearly three years on the back of rising prices, striking a more bullish note than rivals including Micron (MU.O). SK Hynix and other other chipmakers have been hit by slowing personal computer sales after a pandemic-led surge, but the South Korean company said supply bottlenecks had created pent-up demand for PC chips that could boost sales next year.

https://www.reuters.com/technology/sk-hynix-posts-its-highest-quarterly-profit-since-2018-server-chip-demand-2021-10-25/

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