SK Hynix reports an operating loss of ~$2.5B in Q1 2023, its biggest quarterly loss, surpassing the ~$1.4B in Q4 2022, and revenue dropped 58.1% YoY to ~$3.8B (Kim Jaewon/Nikkei Asia)

by #AI April 25, 2023 · Automatic

Kim Jaewon / Nikkei Asia:
SK Hynix reports an operating loss of ~$2.5B in Q1 2023, its biggest quarterly loss, surpassing the ~$1.4B in Q4 2022, and revenue dropped 58.1% YoY to ~$3.8B — South Korean semiconductor manufacturer posts $2.5bn in red ink — SK Hynix and other semiconductor manufacturers are dealing with a slowdown in the industry.