SK Hynix fourth-quarter profit misses forecasts, hit by prolonged chip downturn
https://www.reuters.com/article/us-sk-hynix-results/sk-hynix-fourth-quarter-profit-misses-forecasts-hit-by-prolonged-chip-downturn-idUSKBN1ZT385
South Korea's SK Hynix, a chip supplier to Apple Inc and Huawei, said on Friday its fourth-quarter operating profit slumped 95%, missing analysts' estimates, as chip prices were hit by oversupply and weaker demand.
SK Hynix fourth-quarter profit misses forecasts, hit by prolonged chip downturn
Jan 31, 2020, 12:19am UTC
https://www.reuters.com/article/us-sk-hynix-results/sk-hynix-fourth-quarter-profit-misses-forecasts-hit-by-prolonged-chip-downturn-idUSKBN1ZT385
>South Korea's SK Hynix, a chip supplier to Apple Inc and Huawei, said on Friday its fourth-quarter operating profit slumped 95%, missing analysts' estimates, as chip prices were hit by oversupply and weaker demand.