SK Hynix reports a ~$2.5B operating loss in Q1 2023, its biggest quarterly loss that surpasses ~$1.4B in Q4 2022, as revenue dropped 58.1% YoY to ~$3.8B (Kim Jaewon/Nikkei Asia) 26-04-2023

Kim Jaewon / Nikkei Asia:
SK Hynix reports a ~$2.5B operating loss in Q1 2023, its biggest quarterly loss that surpasses ~$1.4B in Q4 2022, as revenue dropped 58.1% YoY to ~$3.8B — South Korean semiconductor manufacturer posts $2.5bn in red ink — SK Hynix and other semiconductor manufacturers are dealing with a slowdown in the industry.