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2021-04-28
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SK Hynix speeds up spending to meet chip shortage, sees strong demand
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The Smartestimate gives more weight to consistently accurate analysts.</p>\n<p>First quarter revenue rose 18% on-year to 8.5 trillion won.</p>\n<p>Strong sales of smartphones and personal computers during the period drove demand for memory chips, supporting SK Hynix's strong earnings, analysts said.</p>\n<p>Shipments of personal computers during the quarter jumped 55% on-year, a sharp contrast from a decline in the PC market of about 2% a year over the past decade, according to NH Investment & Securities.</p>\n<p>Shares in SK Hynix fell 2.6%, lagging a 0.2% drop in the broader market, after its quarterly profit slightly missed analysts' expectations.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SK Hynix speeds up spending to meet chip shortage, sees strong demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSK Hynix speeds up spending to meet chip shortage, sees strong demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-28 09:24 GMT+8 <a href=https://finance.yahoo.com/news/sk-hynix-first-quarter-profit-234057621.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SEOUL (Reuters) -SK Hynix, the world's No.2 memory chip maker, said on Wednesday it will bring forward planned capital spending as it joins rivals in ramping up chip production to meet a global ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sk-hynix-first-quarter-profit-234057621.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/sk-hynix-first-quarter-profit-234057621.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177655815","content_text":"SEOUL (Reuters) -SK Hynix, the world's No.2 memory chip maker, said on Wednesday it will bring forward planned capital spending as it joins rivals in ramping up chip production to meet a global semiconductor shortage.\nThe South Korean firm posted a 66% jump in first-quarter profit on continued stay-at-home demand for devices and forecast strong demand for chips over the rest of 2021.\n\"The company expects customers' chip inventory to decrease quickly as current stronger-than-expected demand growth in the broader IT market continues,\" it said in a statement.\nSK Hynix, which competes with bigger rival Samsung Electronics Co, said supplies were expected to remain tight throughout the year for DRAM chips that are widely used in laptops and other computing devices.\nIt forecast a faster-than-expected increase in demand and prices for NAND memory chips that serve the data storage market.\nSK Hynix, which spent 9.9 trillion won ($8.9 billion) on capex in 2020, did not specify how much of its planned 2022 capital spending would be brought forward to the second half of 2021.\nEarlier this month, Taiwan Semiconductor Manufacturing Co (TSMC) unveiled a plan to invest $100 billion over the next three years to increase capacity, days after Intel Corp announced a $20 billion plan to expand its capacity.\nThe company, which counts Apple Inc among its customers, reported an operating profit of 1.3 trillion won ($1.17 billion) in January-March, up from 800 billion won a year earlier.\nThat was below a Refinitiv Smartestimate of a 1.4 trillion won profit, drawn from 20 analysts. The Smartestimate gives more weight to consistently accurate analysts.\nFirst quarter revenue rose 18% on-year to 8.5 trillion won.\nStrong sales of smartphones and personal computers during the period drove demand for memory chips, supporting SK Hynix's strong earnings, analysts said.\nShipments of personal computers during the quarter jumped 55% on-year, a sharp contrast from a decline in the PC market of about 2% a year over the past decade, according to NH Investment & Securities.\nShares in SK Hynix fell 2.6%, lagging a 0.2% drop in the broader market, after its quarterly profit slightly missed analysts' expectations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/100926857"}
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