A gauge of Asian shares snapped a two-day gain, with Korean chipmakers SK Hynix Inc. and Samsung Electronics Co. weighing as the nation’s markets reopened after the Lunar New Year holidays.
Asian equities fell Friday (Jan 31), as concerns over the impact DeepSeek will have on the artificial intelligence market pressured South Korean chipmakers. US futures climbed after robust results from Apple Inc.
Samsung's Q4 revenue grew by 12% Y/Y to $52.2B, but operating profit declined by 30% Q/Q due to soft market conditions and higher R&D costs.
SK Hynix's shares slumped, hit by the shock from Chinese artificial-intelligence startup DeepSeek as stock trading resumed in South Korea after a four-day holiday.
South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would more than double this year, after reporting a quarterly profit record that beat a results estimate for rival Samsung.
SK hynix has just posted its best-ever yearly earnings for 2024: $46.1 billion in sales, revenues increased by 102% thanks to HBM and AI demand.
SK Hynix’s scorching growth underscores the extent ... And while smartphone demand — even for Apple Inc.’s iPhone — remains muted, the Korean firm expects sales of PCs and devices equipped ...
Last year, SK hynix, which is projected to record its highest ever performance, decided to pay its employees a performance bonus of 1,500% of the base salary, the highest level ever.
Asian equities fell Friday, pressured by technology companies. US futures climbed after robust results from Apple Inc.
SEOUL: Samsung Electronics said on Friday it expected limited first-quarter earnings growth due to weak memory
Asian equities fell Friday, as concerns over the impact DeepSeek will have on the artificial intelligence market pressured South Korean chipmakers. US futures climbed after robust results from Apple Inc.
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the gains posted during