SK Hynix Sees Improvement After Profit Drops to 3-Year Low
- Second-quarter DRAM shipments to rise about 15 percent
- Shares post biggest jump in three months on brighter outlook
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SK Hynix Inc., an Apple Inc. supplier, predicted memory-chip shipments will start to improve after a dismal first quarter, when the company reported its lowest operating profit in three years on sluggish demand for smartphones and computers.
The chipmaker’s shares climbed 6 percent to 29,150 won at the close on Tuesday, the biggest jump since August 2015, after the company said it anticipates DRAM shipment growth of about 15 percent in the second quarter.