SEOUL :South Korean chipmaker SK Hynix Inc said it expects supply chain issues to gradually improve from the second half of the year and demand for memory chips to grow, after booking a four-fold on-year increase in fourth-quarter operating profit.
The figure represented SK Hynix's highest quarterly profit since 2018, and exceeded the 4 trillion won average of analyst estimates compiled by Refinitiv SmartEstimate.The fourth quarter saw SK Hynix complete the first phase of its acquisition of Intel's Corp NAND flash memory chip business. With that acquisition, SK Hynix expects NAND flash sales to double this year from last, it said on Friday.
The improved forecast reflects an order increase from PC makers as a COVID-19 lockdown in Xian, China, last month renewed concern about global chip supply, and as manufacturers restock chips amid easing of other component shortages, TrendForce said.
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