Hynix Warns Memory Market Rebound Hinges on China Lockdowns

  • Korean chipmaker more than doubled profit in first quarter

  • Datacenter growth now at same tempo to 2018 affirm

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South Korean memory chipmaker SK Hynix Inc. reported profit more than doubled within the final quarter after datacenter gross sales offset slowing person search info from and memory prices fell lower than became feared.

For the the leisure of the twelve months, Hynix expects a bounceback in PC and smartphone gross sales within the seasonally stronger second half, nonetheless that hinges on how long China’s Covid-19 lockdowns continue, which the firm acknowledged include already affected manufacturing, offer chains and person search info from.

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