SK Hynix Inc. shares tumbled more than 11%, as the South Korean stock market resumed trading Friday after holidays during which Chinese startup DeepSeek shocked the AI world.Most Read from BloombergMa
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.
Asian markets mostly advanced on Friday, following gains in US equities as investors assessed Big Tech earnings.
Data watchdogs in South Korea and Ireland said Friday they would ask Chinese AI startup DeepSeek to clarify how it manages users' personal information, as governments from around the world turned a spotlight on the service.
South Korea will ask Chinese AI startup DeepSeek to clarify how it manages users' personal information, its data watchdog said Friday, joining a number of countries seeking answers.
Employees complain SK hynix 'scapegoat' in SK Group's cost-cutting measures SK hynix, the world’s second-largest memory chip-maker, is under fire despite announcing hefty incentives for staff following record-high profits in 2024,
SK Hynix CFO Kim Woohyun said that the outlook for memory demand in 2025 was clouded by inventory adjustments, protective trade policies and geopolitical risks.
The result compared with an 8 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate. SK Hynix's quarterly opera
(Bloomberg) -- This year’s 30% AI-driven rally in shares of South Korea’s SK Hynix Inc. faces threats as political issues and valuations push local investors toward domestic-focused companies.
Ahead of the Lunar New Year holiday, the South Korea stock market had moved higher in two of three trading days since the end of the
But SK Hynix told analysts its 2025 capital expenditure would rise only slightly from last year, with investments focusing on HBM production and new factories in South Korea. "SK Hynix’s ...