[Concall] SK Hynix "Solideum, NAND Market Deterioration Impact Unavoidable for the Time Being"

[Asia Economy Reporter Moon Chaeseok] On the 1st, SK Hynix stated during the earnings conference call for last year and the fourth quarter, "Solidigm also experienced an unprecedented slowdown in memory demand, and from the second half of the year, its sales declined at a pace similar to our NAND flash," adding, "we believe that due to the worsening NAND market conditions, a certain negative impact on sales and profits is inevitable for the time being."

They continued, "With various external environments changing, the synergy integration process with Solidigm is not easy, but we intend to continue," adding, "If we secure economies of scale and strengthen competitiveness in the data center SSD (storage device) market as originally envisioned, recovery will be faster than the general NAND market conditions."

[Image source=Yonhap News]