SK Group Chairman Observes Stabilization in Global Semiconductor Industry

SEOUL, South Korea - SK Group Chairman Chey Tae-won has noted a stabilization in the global semiconductor industry, though he acknowledges that the recovery of chip prices remains slow. This observation comes amid a challenging period for the industry worldwide.

According to Yonhap News Agency, Chey, who also heads the Korea Chamber of Commerce and Industry and oversees SK hynix Inc., the world's second-largest memory chip maker, shared his insights with reporters on Monday. He indicated that while the industry is no longer at its lowest point, the recovery, particularly in NAND flash memory chip prices, is not as robust as hoped. "DRAM is getting better, but NAND is still at an almost sleep-like level," Chey remarked.

SK hynix has faced financial challenges recently, reporting losses for the fourth consecutive quarter in the third quarter of this year. However, a rebound in demand for high-performance products has helped narrow its operating deficit. The company's operating losses for the July-September period were reported at 1.79 trillion won (US$1.32 billion), a significant shift from the profit of 1.67 trillion won a year ago.

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