SK Hynix's chief marketing officer, Kevin Noh, raised those concerns during a conference call on Wednesday after the company reported its operating profit...
SEOUL, South Korea — South Korean computer chipmaker SK Hynix said Wednesday it might be forced to sell its manufacturing operations in China if a U.S. crackdown on exports of semiconductor technology and manufacturing equipment to China intensifies.
SK Hynix’s 000660 chief marketing officer, Kevin Noh, raised those concerns during a conference call on Wednesday after the company reported its operating profit dropped 60% in the last quarter from 2021, a decline it blamed on a deteriorating business environment. Other major chip and chip-manufacturing equipment makers like Samsung 005930 and Taiwan’s TSMC 2330 are thought to have also gotten exemptions.
“If we face problems that make it difficult for us to operate our Chinese fabrication facilities including the Wuxi plant, we are considering various scenarios, including selling those fabrication facilities or their equipment or bringing them to South Korea,” Noh said.
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