SK Hynix Q2 revenue jumps 205% as care for-at-home ask lifts chip prices – Reuters India
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SK Hynix Q2 revenue jumps 205% as care for-at-home ask lifts chip prices – Reuters India

SEOUL, July 23 (Reuters) – SK Hynix, the arena’s No.2 reminiscence chip maker, posted a 205% upward thrust in quarterly working revenue on Thursday as ask for cloud providers and online training amid the COVID-19 pandemic drove up chip prices.

The South Korean company, which counts Apple Inc and Huawei Technologies among its customers, reported an working revenue of 1.9 trillion acquired ($1.fifty 9 billion) in the April-June duration, up from 638 billion acquired a twelve months earlier. Analysts expected a 1.7 trillion acquired revenue, per Refinitiv SmartEstimate that’s weighted in direction of more continuously correct analysts.

2d-quarter revenue rose 33% on-twelve months to eight.6 trillion acquired.

$1 = 1,196.8500 acquired
Reporting by Joyce Lee; Bettering by Jacqueline Wong

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August 1, 2020

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