SK Hynix Q3 Operating Loss Narrows but Misses Estimates; Sees Strong Demand for AI Chips While NAND Business Struggles
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SK Hynix's Q3 operating loss narrowed to 1.8 trillion won from previous quarters, but still missed analysts' estimates.
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The company says demand is strong for its high-end DRAM chips used in AI, with next year's HBM chip capacity sold out.
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However, analysts say SK Hynix's NAND flash chip business likely saw sizable losses of around 2 trillion won in Q3.
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SK Hynix says the memory chip market is set to recover in earnest next year.
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The company currently does not back the planned merger between Kioxia and Western Digital's flash memory units.
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