SK Hynix sees memory chip rebound in second half after record loss

South Korea's SK Hynix Inc said production cuts by memory chipmakers will improve market conditions from the second half of 2023, after it reported a record quarterly operating loss on Wednesday. The firm's loss widened as a global economic slowdown worsened a memory chip glut during the first quarter, prompting sluggish demand and falling prices, SK Hynix said.

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