Chipmaker SK Hynix posts 95% Q4 profit plunge

The world’s second-largest memory chipmaker, South Korea’s SK Hynix, posted a 95% quarterly profit plunge on Friday as it suffers from a long-running lull in the global market. The East Asian country’s chip manufacturers – led by behemoth Samsung Electronics – have enjoyed record profits in recent years as prices for their products soared. SK Hynix supplies chips to […]