SK hynix reviews investments as chip market slows
SK hynix is considering a cut in capital expenditure by as much as 25 percent, another sign that recent high demand for semiconductors is tailing off due to inflation amid growing concerns of oversupply.
SK hynix is not the only semiconductor company that is eyeing the economic situation with trepidation. Earlier this month, rival Micron warned in itsthat it expects to see a 13 percent drop in revenue for its next quarter due to falling demand for memory in the PC and smartphone markets. Like most things, this is more nuanced than it bay seem. Micron said that while its customers in the PC and smartphone markets intend to make downward adjustments to their inventories in the second half of this year, the demand from the enterprise and cloud server sectors continues to be healthy, and that the long-term trend for memory and storage is upwards.
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