[Concall] SK Hynix "Cutting Investment by 50%... No Further Reduction Considered"

[Asia Economy Reporter Moon Chaeseok] On the 1st, SK Hynix stated during the earnings conference call for last year and the fourth quarter, "This year, we plan to reduce our consolidated investment scale by more than 50% compared to last year's 19 trillion won," adding, "Considering our fab scale and essential infrastructure investment status, we believe we have already reduced to an appropriate level and are not considering further investment cuts."

They continued, "The basis for the investment plan is the future market changes, which currently show no significant fluctuations," and added, "From this year, we will make thorough preparations to supply DDR5 and HBM3 products with increasing demand, as well as cost-competitive 1-nanometer (nm) 176-layer basic NAND flash products, in line with future customer demand."

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