[Concall] SK Hynix "NAND 5-10% Additional Production Cut... Cost Reduction from Solidigm Overlap"

On the 26th, during the conference call following the Q2 earnings announcement, SK Hynix stated, "In 2023, production of DRAM and NAND is expected to decrease compared to the previous year," adding, "In particular, NAND inventory levels are higher than those of DRAM and profitability is poor, so we have decided on an additional production cut of about 5-10%."

Regarding the improvement of the NAND business slump, the company explained, "We plan to expand the scale of NAND production cuts to accelerate the normalization of inventory," and "while strengthening CAPEX and OPEX management, we will reduce overlapping costs through integration of individual capabilities between our NAND division and Solidigm, as well as organizational streamlining to improve the cost structure."