SK Hynix swings to profit in third quarter on cost cuts

Hynix memory chips SK Hynix is the world's second-largest memory chip maker, after Samsung.

Related Stories

SK Hynix, the world's second-largest memory chipmaker, has reported a quarterly profit, helped by cutting costs to offset a slowdown in demand for personal computers.

SK Hynix said its net profit was 2bn Korean won ($1.8m; £1.1m) for the three months to September.

That compared to a loss of 563bn won for the same period last year.

Chipmakers have had to move away from dynamic random access memory, used in PCs.

Changing tastes

It comes as consumer trends shift from personal computers to tablets and smartphones.

That has forced chipmakers to move production towards NAND flash memory chips, which are used in mobile devices.

Hynix said sales of its mobile chips and flash memory devices helped limit the impact from the downward trend in demand for PCs.

Hynix reported a better-than-expected operating loss of 15bn won, compared with a 277bn won loss a year earlier.

Samsung, also a South Korean firm, is the world's largest producer of memory chips.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories



BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.