SK Hynix Inc. Reports First Quarter 2018 Results2018.04.24
Seoul, April 24, 2018 - SK Hynix Inc. (or 'the Company',www.skhynix.com) today announced financial results for its first quarter 2018 ended March 31, 2018. The consolidated first quarter revenue was 8.72 trillion won while the operating profit amounted to 4.37 trillion won and the net income 3.12 trillion won.
Even though favorable market price continued during the first quarter, which has been traditionally slow-season in the memory semiconductor market, the revenue and the operating profit declined by 3% and 2% because of the Company's declined shipments of DRAM and NAND Flash.
Quarter-over-quarter, DRAM bit shipments decreased by 5% due to weak mobile demand and lessened production days nevertheless of sustained robust server demand. However, the average selling price rose by 9% through evenly increased price for all DRAM product categories.
For NAND Flash, the bit shipments declined by 10% mainly due to the weak sales in the mobile sector. The average selling price was lowered by 1%.
SK Hynix will place its focus on expanding leading edge technologies and diversifying product portfolio to actively respond to the market demands. Therefore, it will consistently expand the portion of 1Xnm and hit its stride in the sales of 1Xnm server and graphics DRAM.
In addition, the Company is to enter the enterprise SSD market with its PCIe products that have been recently validated by IDC clients. Furthermore, SK Hynix plans to stretch its cutting-edge 72-Layer 3D NAND to increase the sales of high density mobile applications and a variety of client SSD solutions.
About SK Hynix Inc.
SK Hynix Inc., headquartered in Korea, is the world's top tier semiconductor supplier offering Dynamic Random Access Memory chips ('DRAM'), Flash memory chips ('NAND Flash') and CMOS Image Sensors ('CIS') for a wide range of distinguished customers globally. The Company's shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK Hynix is available atwww.skhynix.com.
Media Contact
SK Hynix Inc.
Public Relations
Assistant Manager
Hyun Kyung Olivia Lee
Phone: +82.31.8093.4771
E-Mail: hyunkyung14.lee@sk.com
Assistant Manager
Heeyoung Son
Phone: +82.31.8093.4719
E-Mail: heeyoung.son@sk.com
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SK Hynix Inc. published this content on 24 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 April 2018 23:36:07 UTC
SK hynix Inc is a Korea-based company mainly engaged in the production and sale of semiconductor memories. The Companyâs major products include dynamic random access memory (DRAM), NAND flashes, as well as multi-chip packages (MCP), among others. In addition, the Company manufactures and sells complementary metal oxide semiconductor image sensors (CISs). CISs is used in mobile phones, notebooks, tablets, medical devices, digital single lens reflex (DSLR) cameras, camcorders, automobiles, security equipments, game machines, and home appliances. The Company distributes its products within the domestic market and to overseas markets, including America, Germany, UK, Japan, Singapore, India, and China.
SK HYNIX INC. 
