Hynix Q1 is 6% up

Earlier today, Hynix reported Q1 revenue of $5.85 billion which was 6% up y-o-y. However its operating profit of $649 million was 41% down y-o-y. “There are a lot of uncertainties about the outlook for supply and prices for servers in the second half,” said Hynix CFO Cha Jin-seok. A slump in smartphone memory demand ...

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