GIANT MEMORY maker Hynix turned in a net loss of nearly half a billion dollars because prices of DRAM chips continued to fall.
The firm, revealing its results to the end of December, predicted that its first quarter results will not show any significant improvement. DRAM prices are still weak and expected to stay weak for some time.
Hynix will take the axe to its operations in both DRAM and NAND. Like DRAM, NAND flash is also showing pricing weakness although demand for this component type remains strong. µ
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