SK Hynix posts $159M profit as chip prices rise

April 24, 2013 by Youkyung Lee

South Korean chipmaker SK Hynix Inc. on Wednesday reported its third consecutive quarterly profit as prices for PC memory chips rose.

Its net profit totaled 178.7 billion won ($159 million) in the January-March quarter compared with a net loss of 271.2 billion won a year earlier.

The results cemented a return to profit for Hynix as PC memory chip prices rebounded in recent months.

The Korean chip giant posted losses for a year through to June 2012 as a supply glut and sluggish PC sales battered chip prices. The industry-wide downturn forced Japan's Inc. to file for bankruptcy last year.

Hynix's quarterly sales rose 2 percent to 2.8 trillion won. Operating profit reached 316.9 billion won, compared with a 263.5 billion won loss a year earlier.

Hynix said it benefited from higher PC chip prices after many other chip suppliers shifted production to mobile chips, limiting supplies of memory devices for PCs.

Even though the first quarter is typically a slow period for consumer electronics makers, Hynix said it sold more chips for PCs and servers thanks in part to the limited supplies by rivals.

SK Hynix, which competes with . and Toshiba Corp., supplies to Apple Inc., . and others.

The chip giant forecast stronger demand for mobile devices in the second quarter and said upcoming launches of new smartphone models will lift sales of .

Explore further: SKorea's Hynix swings to profit as chip industry recovers


Related Stories

SKorea's Hynix swings to profit as chip industry recovers

January 21, 2010

South Korea's Hynix Semiconductor said Thursday it swung to a net profit in the fourth quarter, following a loss in the period the year earlier, in a further sign that the global chip industry is recovering from a two-year ...

S.Korea's Hynix notches record sales

April 22, 2010

South Korea's Hynix Semiconductor said Thursday it posted record quarterly sales in the three months to March on the back of strong demand, achieving a third straight quarter in the black.

Hynix turns 2Q net profit amid record sales

July 22, 2010

(AP) -- Hynix Semiconductor turned a net profit in the second quarter after a loss the year before as sales rose to a record and prices for its mainstay computer memory chips increased.

South Korea's Hynix swings to net loss in Q3

October 27, 2011

South Korea's Hynix Semiconductor, the world's second-largest memory chip maker, said Thursday it swung to a third-quarter net loss as weak demand for personal computers dampened sales.

S. Korea's Hynix swings to red in Q4 on poor demand

February 2, 2012

South Korea's Hynix Semiconductor, the world's second-largest maker of memory chips, said Thursday it swung into the red in the fourth quarter as chip prices fell on weak demand for personal computers.

Recommended for you

Toyota promises better mileage and ride with Prius hybrid

October 13, 2015

Toyota Motor Corp. released details for its fourth-generation Prius on Tuesday, promising that improvements in the battery, engine, wind resistance and weight mean better mileage for the world's top-selling hybrid car.

Facebook to test mobile app shopping tab

October 12, 2015

Facebook said Monday that it will begin testing a shopping tab for its mobile app as it works to ramp up advertising and online commerce offerings.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.