South Korean chipmaker SK Hynix is considering cutting its 2023 capital expenditure by about a quarter to 16 trillion won ($12.16 billion), Bloomberg News report said.
SK Hynix’s move is in response to slower-than-anticipated electronics demand.
Chipmaker SK Hynix may cut Capex to $12 bn
More like thisRelated
Qualcomm intros Snapdragon 7s Gen 3 mobile platform
Qualcomm Technologies has introduced the Snapdragon 7s Gen 3...
Qualcomm Q3 2024 financial performance and partnerships
Qualcomm has revealed its financial performance for its fiscal...
Qualcomm Snapdragon platform for cost-effective 5G smartphone
Qualcomm Technologies announced the launch of Snapdragon 4s Gen...
UNISOC unveils T760 chipset in India, targeting 5G smartphone business
Semiconductor design firm UNISOC announced the launch of its...