足球博彩公司（www.hg108.vip）:SK Hynix sees H2 server memory chip demand slowing as recession fears haunt customers
SK Hynix executives warned during an earnings call that customers are cutting costs noticeably and reducing investment out of recession concerns, hitting server chip demand and corporate PC demand, in addition to already slowing consumer demand for smartphones and PCs.足球博彩公司（www.hg108.vip）是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩公司上登录线路最新、新2皇冠网址更新最快,足球博彩公司开放皇冠会员注册、皇冠代理开户等业务。
SEOUL: South Korea's SK Hynix Inc 000660.KS, the world's no. 2 memory chipmaker, warned demand is likely to slow in the second half of the year as customers brace for recession, after booking its biggest second-quarter profit since 2018.
SK Hynix executives warned during an earnings call that customers are cutting costs noticeably and reducing investment out of recession concerns, hitting server chip demand and corporate PC demand, in addition to already slowing consumer demand for smartphones and PCs.
Server chips had been the only remaining bright spot in memory chip demand that drove SK Hynix to report a 56% jump in operating profit to 4.2 trillion won ($3.2 billion) in the April-June quarter, with large data centre firms such as Amazon AMZN.O meeting rising cloud demand.
"As a general trend, customers are holding more (memory chip) inventory for all applications" like PC, smartphone and servers, SK Hynix said. The firm's own inventory has gone up by about a week's worth of chip sales as of end-June compared with end-March.
Insight from key customers showed long-term demand for cloud services is still expected to expand, the company said. But short-term component shortages, macroeconomic uncertainty, and the hit to consumer-sector demand is turning server clients conservative in spending for the second half, SK Hynix said.
Given the uncertain environment, SK Hynix said it may decide on 2023 business plans as soon as late August and is looking at several scenarios, including a considerable reduction to its capital expenditure plans next year.,
Although SK Hynix plans to continue with infrastructure investment such as securing land and utilities for future plants, it can reduce investment in chip equipment, it said.
Rising inflation, concerns about a downturn in major markets, and repeated COVID-19 lockdowns in China have resulted in slowing smartphone sales.
U.S. chipmaker Texas Instruments TXN.O on Tuesday forecast sustained demand from industrial and automotive customers, but said it was seeing weaker demand "particularly from customers in personal electronics market."
A clutch of chipmakers including Micron Technology Inc MU.O have warned of a rising chip glut after a two-year long global shortage of chips.
In the company's second-quarter results, a strong dollar also offset higher material costs. SK Hynix's chip sales are booked in the U.S. dollar, which hit a 20-year high in the period, boosting the value of its operating profit reported in Korean won by about 400 billion won, the company said.
Revenue climbed by a third on the year to a quarterly record 13.8 trillion won.