Chipmaker SK Hynix reports 64 percent jump in 1Q earnings
SEOUL, South Korea (AP) " SK Hynix Inc. said Tuesday its first-quarter net profit has surged 64 percent over a year earlier thanks to robust memory chip prices that offset slowing growth in the mobile sector.The South Korean chipmaker, which supplies to Apple, reported 3.1 trillion won ($2.9 billion) earnings for the January-March period, compared with 1.9 trillion won a year earlier.The result missed market consensus of 3.3 trillion won, according to FactSet, a financial data [...]
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