Chipmaker Hynix reports third straight quarterly lossApril 26, 2012 - 09:42 AMT PanARMENIAN.Net - SK Hynix Inc., the world's second-largest memory chipmaker, reported its third straight quarterly loss Thursday, April 26, as chip prices dropped amid competition from rival suppliers and tepid demand for personal computers. According to AP, the company said in a statement it had a net loss of 271 billion won ($238 million) for the January-March quarter compared with a profit of 274 billion won a year earlier. Sales dropped 15 percent from a year earlier to 2.39 trillion won. Its quarterly operating loss was 260 billion won. "The downturn trend of memory semiconductor prices lasted due to slow seasonal demand and intensified competition among suppliers in the market," Hynix said in a statement. The company, however, expects launches of new smartphones and tablet computers and stronger-than-expected demand for mobile devices from China to drive a rebound in the chip industry in the coming months. Prices of chips used in personal computers are expected to rise as new chip designs from Intel Corp.and demand for Ultrabooks - laptop computers that are lighter and thinner than mainstream laptops - will likely fuel sales, Hynix said. The price of memory chips for PCs had tumbled as much as half but began to pick up after Japan's Elpida Memory Inc. filed for bankruptcy in February, which raised the prospect of shortages. SK Hynix, which competes with Samsung Electronics Co. and Japan's Toshiba Corp. in the global memory chip market, made an initial offer to buy Elpida last month. It is now carrying out due diligence. In March, SK Hynix, formerly known as Hynix Semiconductor Inc., became part of South Korea's third-largest conglomerate SK Group after its SK Telecom Co. unit bought a 21 percent stake in the chipmaker. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |