SK Hynix adds to evidence that the chip glut is here to stay for a while

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SK Hynix adds to evidence that the chip glut is here to stay for a while
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SK Hynix Inc. added to concerns Wednesday that the semiconductor industry has entered a glut as the chip maker missed expectations for the quarter and...

SK Hynix Inc. added to concerns Wednesday that the semiconductor industry has entered a glut as the chip maker missed expectations for the quarter and forecast declining market demand out into 2023.The South Korea-based memory chip maker company reported third-quarter... SK Hynix Inc. added to concerns Wednesday that the semiconductor industry has entered a glut as the chip maker missed expectations for the quarter and forecast declining market demand out into 2023.

Taiwan Semiconductor Manufacturing Co. TSM also announced capacity cuts recently due to expectations of softer demand.At the beginning of the month, Micron Technology MU reported “unprecedented” supply issues and analysts wondered if the market had hit a bottom.

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