[Concall] SK Hynix "Production cut impact to intensify from Q2... Inventory normalization within this year"

On the 26th, SK Hynix stated during its Q1 earnings conference call, "We have reduced wafer input mainly for low-profit products. The effects of this are gradually appearing from the first quarter." They added, "However, reflecting the lowered demand forecast for this year compared to the beginning of the year, we are adjusting wafer input volumes for products with high inventory to operate flexible production aligned with market demand and profitability."

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They continued, "All suppliers have started production cuts, and the impact of this will become significant from the second quarter. We expect inventory normalization to be achieved within this year."

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