DRAM maker Hynix reports sixth straight loss

The chip maker's loss narrowed slightly as it cut costs

Hynix Semiconductor on Friday reported its sixth straight quarterly loss in the first quarter.

The company continues to take a battering from low DRAM prices, which some analysts say hit their lows in the first quarter and may be improving.

Most DRAM makers have posted continuous losses since the end of 2007 when a chip glut sent prices down, and one company, Qimonda, has already filed for bankruptcy.

Hynix, the world's second largest DRAM maker, reported a net loss of 1.18 trillion Korean won in the first quarter, narrower than its 1.33 trillion won loss in the fourth quarter of last year but wider than the 676 billion won loss it posted in the first quarter last year.

The company was able to reduce costs with new manufacturing technology.

Revenue at the memory chip giant fell to 1.31 trillion won from 1.60 trillion won last year, the company said in a statement.

The company's loss follows losses by other DRAM makers.

Micron Technology of Boise, Idaho, reported a net loss of US$751 million in its most recent quarter, which ended March 5, compared to a net loss US$777 million in the same quarter last year. Revenue at the company slipped to US$993 million.

Taiwanese DRAM makers will report earnings next week, while Japan's Elpida Memory will report on May 12.

The companies have cut back production and closed older factories to shore up the glut in DRAM, but falling demand for the main end product for DRAM, computers, has kept DRAM prices low.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags memoryfinancial resultsdramhynix

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Dan Nystedt

IDG News Service
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?