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In 50 Words: SK Hynix sees chip biz recovery despite $1.3b Q3 loss
SK Hynix posted an operating loss of US$1.3 billion during the third quarter on the back of memory chip market slump. However, the South Korean chipmaker sees a recovery due to increased demand for high-performance memory chips. The company’s revenue also jumped 24% in the quarter, showing signs of improvement.
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