April 20, 2024

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[THE INVESTOR] SK hynix, a global chipmaker, is expected to post an operating income of over 1 trillion won (US$851 million) for the first time in over one year, driven by solid demand for mobile chips and other semiconductor products, industry data showed on Jan. 22.

Local brokerage firms estimated SK hynix‘s operating income to have reached 1.3 trillion won in the fourth quarter of last year, the highest since the third quarter of 2015 when the comparable figure was 1.38 trillion won.

SK hynix is scheduled to report its fourth quarter earnings on Jan. 26.

SK hynix has reported an operating income of below 1 trillion won since the third quarter of 2015 as it struggled with low chip prices and oversupply.

But its bottom line has started to improve since the second half of last year on the back of a recovery in the global chip market.

(theinvestor@heraldcorp.com)