SK Hynix’s Q3 loss narrows from Q2 on solid demand for advanced chips By Reuters

<p> <br />
</p>
<div>
<div>
<img decoding="async" alt="SK Hynix's Q3 loss narrows from Q2 on solid demand for advanced chips" id="carouselImage" src="https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ9O15I_L.jpg" style="visibility:hidden" /><br />
<span>© Reuters. FILE PHOTO: The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo</span><br />
<i class="imgGrad"/>
</div>
<p>SEOUL (Reuters) -South Korea’s SK Hynix posted a sharply narrower loss than in the previous quarter, as strong demand for high-end chips used in artificial intelligence helped ease the impact of a prolonged slowdown in demand for commodity chips used in smartphones and computers.</p>
<p>The world’s second-biggest memory chipmaker said on Thursday it swung to a 1.8 trillion won ($1.33 billion) third-quarter operating loss from a profit of 1.7 trillion won a year earlier. </p>
<p>It was its fourth consecutive quarterly loss, but improved from a trough of a 3.4 trillion won loss in the first quarter and a 2.9 trillion won loss in the second quarter.</p>
<p>The result was better than expectations of a 1.7 trillion won operating loss, according to 20 analysts’ views compiled by LSEG SmartEstimate, weighted toward analysts who are more consistently accurate.</p>
<p>Revenue fell 18% year-on-year to 9.1 trillion won. </p>
<p>($1 = 1,351.6200 won)</p>
</div>
<p><br />
<br /><a href="https://www.investing.com/news/stock-market-news/sk-hynixs-q3-loss-narrows-from-q2-on-solid-demand-for-advanced-chips-3209315">Source link </a></p><p>The post <a href="https://forextraderhub.com/sk-hynixs-q3-loss-narrows-from-q2-on-solid-demand-for-advanced-chips-by-reuters.html">SK Hynix’s Q3 loss narrows from Q2 on solid demand for advanced chips By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>