economy
Tech rout roils markets after SK Hynix profits disappoint
South Korean chip giant misses analyst expectations but insists risk of memory oversupply remains ‘limited’
TL;DR
- SK Hynix, a South Korean chip manufacturer, did not meet analyst profit expectations.
- The company asserts that the risk of a memory chip oversupply is limited.
- This news has occurred within a context of wider market volatility in the tech industry.