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July 14 (Reuters) – South Korean chipmaker SK Hynix Inc is considering slicing its 2023 funds expenditure by about a quarter to 16 trillion received ($12.16 billion), Bloomberg Information reported on Thursday, citing men and women familiar with the make a difference.
The transfer by SK Hynix, the world’s second-premier memory chip maker following Samsung Electronics , is in response to slower-than-predicted electronics demand from customers, in accordance to the report.
SK Hynix reported it has not made a decision whether or not to transform its money expenditure strategy for up coming calendar year.
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Chipmakers such as world’s major foundry TSMC (2330.TW) and memory chip maker Micron (MU.O) have flagged that demand for shopper electronics is cooling. browse a lot more
Large inflation, problems about a downturn in significant markets, China’s most up-to-date COVID lockdown, and the war in Ukraine have dampened buyer investing on PCs and smartphones, souring the memory chip industry’s outlook for upcoming 12 months. read much more
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Reporting by Jose Joseph in Bengaluru and Joyce Lee in Seoul Modifying by Rashmi Aich and Lincoln Feast.
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