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SK Hynix swings to $100m loss on memory chip woes

South Korean chipmaker optimistic about DRAM rebound, says it is preparing coronavirus contingency plan

SK Hynix, the world's second-largest maker of DRAM chips, has taken a beating from slumping chip prices.   © Reuters

SEOUL -- SK Hynix said Friday that it swung into the red in the fourth quarter, as the South Korean chipmaker bears the brunt of falling memory chip prices.

The world's second-largest DRAM maker posted a 118.2 billion won ($99.5 million) net loss in the October-December period, a sharp turnaround from a 3.4 trillion won net profit a year ago. The company's operating profit tumbled 95% to 236 billion won during the same period.

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