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
MediaTek Unveils Dimensity 9500 Chipset and AI Vision in Collaboration with TSMC at IMC 2025
MediaTek, a semiconductor company powering over two billion devices...
Qualcomm Faces £480 mn UK Lawsuit Over Alleged Overcharging on Smartphone Royalties
U.S. chipmaker Qualcomm is facing a £480 million ($646.8...
MediaTek Dimensity 9500: What Smartphone Buyers Should Know
MediaTek announced the launch of Dimensity 9500 chip that...
Arm Launches Lumex AI Chip Designs to Power On-Device Intelligence for Smartphones and Wearables
Arm Holdings has unveiled Lumex, its next-generation mobile chip...