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SK Hynix, a global semiconductor company, reported a more moderate decline in revenue for the third quarter, suggesting a potential recovery in the global semiconductor market. The company's Q3 revenue was down 17% YoY to approximately $6.69 billion, beating average estimates of around $6 billion. However, SK Hynix also reported an operating loss of about $1.32 billion, exceeding estimates of around $1.25 billion. Despite the loss, the company remains optimistic about the future, citing an anticipated boom in AI demand.
SK hynix talks up AI demand as memory market recovers https://t.co/JzzCi8HgiD
Franco-Italian chipmaker STMicro reports Q3 revenue up 2.5% to $4.43B, beating $4.38B est., net income down 0.8% YoY to ~$1B, and predicts demand rising in Q1 (@benoitberthelot / Bloomberg) https://t.co/tNZbLeu4Dq 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/7Gos6S4NKN
SK Hynix is concerned that the combined company could challenge its position in the Nand memory sector https://t.co/B1C9cDnLZR
In 50 Words: SK Hynix sees chip biz recovery despite $1.3b Q3 loss https://t.co/TIGG5Najaj
SK Hynix says AI boom will drive profits after Q3 loss narrows https://t.co/6d6GtUJZ7L https://t.co/FgBiWCSgcB
SK Hynix reports Q3 revenue down 17% YoY to ~$6.69B, beating average estimates of ~$6B, and a ~$1.32B operating loss, versus estimates of ~$1.25B (Bloomberg) https://t.co/GCdWDvyCYa 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/hVdVi3Q8H6
SK Hynix reported a more moderate decline in revenue for the third quarter, a sign the global semiconductor market may be recovering after more than a year of challenges https://t.co/QXtMGfgTuY
SK Hynix reported a more moderate decline in revenue for the third quarter, a sign the global semiconductor market may be recovering after more than a year of challenges https://t.co/SnjsoJCOkE
$TXN (-6.3% pre) Texas Instruments Backs U.S. Chip Making Despite Slowdown. Why Wall Street Is Wary. https://t.co/dhPj4F8iRd
The chip maker's latest report added to pessimism around a slow recovery in semiconductor demand. https://t.co/bDMavVZ8HC
Texas Instruments reports Q3 revenue down 14% YoY to $4.53B v. $4.58B est., and forecasts Q4 revenue and profit below estimates as its industrial demand worsens (@mehta_chavi / Reuters) https://t.co/PmneRJovaf 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/D5vpRkMTdJ
Chipmaker TI forecasts dull fourth-quarter as industrial weakness deepens https://t.co/Q7pMKyd628 https://t.co/pdifyDwbuY
Texas Instruments gave a disappointing revenue forecast for the current period, indicating that demand remains sluggish for a broad range of electronic components https://t.co/RK5by9QO3N
💰 TEXAS INSTRUMENTS FORECASTS FOURTH-QUARTER REVENUE BELOW ESTIMATES Analog chipmaker Texas Instruments forecast fourth-quarter revenue below Wall Street estimates on Tuesday, as demand suffers across its key markets including industrial as vendors pull back on orders amid… https://t.co/Ai5i7Ddi2p https://t.co/XnXKmYVPkZ