South Korea’s SK hynix announced on Feb. 25 that the corporation had turned a profit during the fourth quarter of 2023 for the first time in longer than a year.During the Oct.-Dec. period, the world’s second-largest maker of memory chips chalked up $8.46 billion in sales, up 47 percent from a year a
Korean firm comes up with cutting-edge productSouth Korean memory chipmaker SK hynix took the wraps off a 321-layer NAND flash memory on Aug. 9 during the Flash Memory Summit held in Santa Clara.SK hynix, the world’s second-largest manufacturer of memory chips, is the first in the industry to come u
Industry’s most advanced product will hit the marketSouth Korea’s SK hynix announced on July 8 that the world’s second-largest memory chip maker had started mass production of the industry’s highest 238-layer 4D NAND flash memory.The company noted that the 238-layer product, the smallest NAND in siz
Korean company comes up with industry’s highest NAND productSK hynix is the world’s second-largest DRAM maker, but it has been lagged in the NAND flash business, ranking at No. 4 as of the end of last year.However, things might change in favor of the company, which has developed the industry’s highe
This is the fifth of a series highlighting businesswomen related to South Korea’s sprawling business conglomerates, called chaebol. _ ED.Chey Min-jung, the second daughter of SK Group Chairman Chey Tae-won, surprised the country a few times over the past several years with unexpected moves.First of
No. 2 memory chip maker fared well in 2022SK hynix announced on April 26 that it had racked up revenues of 12.16 trillion won ($9.6 billion) in the first quarter of 2022, up 43 percent from a year ago.The outfit also more than doubled its operating profit to 2.86 trillion ($2.26 billion) won year-on
Korean conglomerate comes up with bold investment planSK Group said early this week that its Chairman Chey Tae-won had pledged to invest $52 billion in the United States over the next decade.Chey made the promise in his recent meetings with top U.S. politicians, including Senate Minority Leader Mitc
A rising number of Korean firms show interests in BelarusBelarus is located some 7,000 kilometers away from Korea. But the two countries share a lot in common, especially their competitive edge in high-tech industries and research.Andrei Popkov, Belarus ambassador to Seoul, said that the two countri
Tycoon continues to grab headlines in early FebruaryThe businessman of this week is certainly SK Group Chairman Chey Tae-won, who continues to grab headlines this week regarding his business activities and private life.SK Group is one of Korea’s biggest conglomerates whose units include SK hynix, th