SK Hynix Kwak No-jeong "NAND Profit Turnaround Expected After First Half of Next Year"

"Kioxia Merger Is Not Opposed... Will Consider It Thoroughly"

"It seems unlikely that NAND will turn profitable by the first half of the year. June might be the checkpoint."

On the afternoon of the 26th, Kwak No-jeong, President of SK Hynix, made these remarks to reporters after attending the 'Semiconductor Exhibition (SEDEX)' held at COEX in Seoul.

Regarding the timing of stopping NAND production cuts, he said, "We will decide based on the timing." He also explained, "It seems that DRAM has turned around, but NAND is delayed," and added, "We will act flexibly while watching the market."

Gwak Nojeong, President of SK Hynix, is seen visiting a company booth and receiving an explanation at the Semiconductor Exhibition (SEDEX) 2023 event on the 26th /

Through the Q3 conference call earlier that day, SK Hynix expressed its position of not agreeing to the merger between Japan's Kioxia and the U.S. Western Digital.

Regarding this, President Kwak said, "I have never used the term 'oppose'; rather, we have not agreed," and added, "We must represent the interests of all shareholders, including investors."

He continued, "If there are better proposals, discussions, or alternatives beyond what they have suggested, we can definitely consider and discuss them together."

Concerning the recent exemption from U.S. regulations on operating the China factory, he said, "Since overall uncertainties have been resolved, we will adjust (factory expansion) while observing market conditions."

Regarding rumors about halting the expansion of the Cheongju M15X fab, he explained, "Fab expansion is always decided based on demand, scale, and timing," and added, "Rather than a halt, it is more about adjusting the timing."

The Semiconductor Exhibition is the largest domestic semiconductor trade show organized by the Korea Semiconductor Industry Association. On that day, President Kwak visited the event venue as the chairman of the Korea Semiconductor Industry Association and toured the exhibition booths.

This content was produced with the assistance of AI translation services.