SK Hynix fourth-quarter profit misses forecasts, hit by prolonged chip downturn

SK Hynix fourth-quarter profit misses forecasts, hit by prolonged chip downturn

4 years ago
Anonymous $-riAjkQg_1

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.