SK Hynix sees strong memory chip demand continuing in second half as profit jumps
By Joyce Lee and Heekyong Yang
SEOUL (Reuters) – SK Hynix said on Tuesday it expects strong memory chip demand to run on for the rest of 2021 on info centre build-outs and utilizing further refined chips in smartphones, as it reported its largest quarterly profit in larger than two years.
SK Hynix, the world’s second-biggest memory chipmaker with prospects along with Apple Inc, forecast notably strong improvement for NAND Flash merchandise in the second half of the yr ensuing from demand for elevated info storage in mobile models.
“The demand stage is way stronger than we anticipated early this yr, notably from 5G-based smartphones and PCs,” head of DRAM promoting and advertising and marketing MS Park said in an earnings identify. “Such helpful memory market circumstances are anticipated to proceed into the second half of 2021.”
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