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The world’s second-largest memory chip maker, South Korea’s SK Hynix, said on Thursday it had returned to profit after four consecutive quarters of losses driven by demand for chips used in artificial intelligence. SK Hynix posted an operating profit of 346 billion won ($259.4 million) for the October-December period, compared with a loss of 1.9 trillion won in the same period a year earlier, with strong sales of its flagship products DDR5 and HBM3. Those […]
SEOUL, South Korea (AFP) — Samsung Electronics will invest nearly $18 billion in its chip business, the South Korean firm said Tuesday, as it seeks to expand its lead in the global memory chip and smartphone markets. The world’s top maker of smartphones and memory chips will invest 20.4 trillion won ($17.7 billion) by 2021 to expand and upgrade its chip plants in the South Korean cities of Pyeongtaek and Hwaseong, it said in a […]
TOKYO, Japan (AFP) — Toshiba said Wednesday it has not yet reached a deal to sell its prized chip business to a consortium of United States, Japanese and South Korean investors, as the troubled conglomerate holds a shareholder meeting. The sale, reportedly worth some 2.0 trillion yen ($18 billion), is seen as crucial for the cash-strapped company to plug massive losses at its US nuclear division, Westinghouse Electric. Last week, Toshiba said it has entered […]
