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June 24, 2017

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Chip-maker SK Hynix logs small profit on foreign exchange gain

SEOUL -- South Korean chip-maker SK Hynix reported a small net profit in the third quarter Wednesday thanks to a foreign exchange gain that partly offset lower sales of computer memory chips.

SK Hynix Inc. said it posted 2 billion won (US$1.8 million) in net profit for July through September on revenue of 2.4 trillion won.

Icheon, South Korea-based Hynix is the world's second-largest maker of computer memory chips that help run multiple programs quickly. It trails behind Samsung Electronics and also competes with Micron Technology and Toshiba.

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