Reuters:
SK Hynix warns memory chip demand faces an “unprecedented deterioration” and reports Q3 2022 operating profit fell 60% YoY to ~$1.16B amid soaring inflation — South Korea’s SK Hynix Inc (000660.KS) warned on Wednesday of an “unprecedented deterioration” in memory chip demand …
Reuters:
Sources: the US plans to spare SK Hynix and Samsung from the brunt of new restrictions on DRAM and NAND chipmakers in China planned to be released this week — The Biden administration plans to spare SK Hynix (005930.KS) and Samsung (005930.KS) from the brunt of new restrictions …
Sam Kim / Bloomberg:
South Korea’s trade ministry data shows its DRAM chip exports fell 24.7% YoY in August 2022, the biggest drop since 2019, indicating a deepening slump in demand — South Korea’s exports of its most lucrative memory chip fell by the most since 2019, indicating a deepening slump in technology demand central to global economic growth.
Kim Jaewon / Nikkei Asia:
Samsung says its Q3 profit dropped 31.7% YoY to $7.7B amid inflation and estimates that revenue for Q3 increased 2.7% to about $53B — South Korean tech company may suffer poor earnings in coming quarters — SEOUL — Samsung Electronics said Friday that its operating profit likely fell …
Naoto Hosoda / Bloomberg:
Chip-related stocks slump in Japan, South Korea, and Taiwan after US curbs on China; the PHLX chip index fell to its lowest level since November 2020 on Monday — Chip-related stocks in Japan, South Korea and Taiwan slumped as traders returning from Monday’s holidays reacted …
CNBC:
After surprising inflation data, Nasdaq closes down 5.16%, Nvidia down 9.47%, Meta down 9.37%, Coinbase down 8.84%, Amazon down 7.06%; BTC down 9%+ in 24 hours — WATCH NOW — Four experts react to August’s key inflation report — Stocks fell sharply on Tuesday after a key August inflation report came …
Josh Horwitz / Reuters:
Chinese government data shows chip imports fell 12.4% YoY to 47.6B units in September; in January to September, domestic chip production fell 10.8% YoY to 245B — China’s chip imports fell 12.4 percent in September, according to official customs data published on Monday …
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