SK hynix has reported 1.59 trillion won in operating profit in the first quarter, up 50.2 percent from a year earlier, on stronger margins for key products and cost-cutting. It beat the market consensus of 1.4 trillion won. Its first-quarter operating profit was the second-largest in its history, following a record 1.67 trillion won a quarter earlier. SK hynix posted 1.29 trillion won in net profit, up 61.5 percent from a year ago, it said Thursday. Sales came in at 4.82 trillion won, up 29 percent from a year earlier.
SK hynix agreed with Toshiba of Japan to jointly develop nano imprint lithography (NIL) technologies, the company announced Thursday. “SK hynix has entered into an agreement with Toshiba on joint development of NIL. Engineers from the two firms will start development of core technologies for the process at Toshiba’s complex in Yokohama, Japan,” said SK spokeswoman Park Seong-ae in a statement.
Every mobile phone has them. So too tablets. But very few users of the technology that pervades everyday life give this critical component much thought. We’re talking about semiconductors. Admittedly, it’s not an industry that captures the imagination of investors like big tech names such as Apple (ticker: AAPL ). But it’s an industry that forms the bedrock of the technology we enjoy and is leveraged to the growth of mobile devices. When you take and store a photo on your phone, it’s semiconductors that provide the memory to do that.
In view of continued growth in global demand for SSDs, Micron Technology and SK Hynix are interested in investing in Taiwan-based SSD controller IC design houses including Silicon Motion Technology, Phison Electronics and JMicron Technology to strengthen their competitiveness, according to industry sources.