SEOUL (Reuters) – SK Hynix (000660.KS) warned on Thursday that demand for chips will remain volatile, while restrictions on global movement, if prolonged, could disrupt production, sales and product development across the industry.
FILE PHOTO: Employee walks past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo
The South Korean chipmaker, which counts Apple Inc (AAPL.O) among its customers, posted a 41% drop in quarterly profit, but beat estimates by a large margin as server demand due to the coronavirus-driven shift to working from home partly offset weak smartphone business.
SK Hynix reported an operating profit of 800 billion won ($649 million) in the January to March period, higher than a Refinitiv SmartEstimate of 474 billion won, but still well below an operating profit of 1.4 trillion won a year earlier.
“There are a lot of uncertainties about the outlook for supply and prices for servers in the second…
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