On May 18, according to the Korea economic daily reported that the memory chip giant SK hynix is preparing to start 500 billion won (about $373 million) capital plans, to better cope with the subsequent semiconductor market recovery.

According to results released on April 26, SK hynix, according to the first quarter of 2023, revenue minus 58% to 5.09 million won, operating loss in the fourth quarter of 1.89 million won from 2022 to 3.4 million won (about $2.54 billion), and since 2012, SK group purchase hynix the most severe losses.

In this context, SK hynix raise funds on the one hand, should be in response to the pressure of capital storage market is declining, on the other hand also for subsequent arrival can rapidly expanding market recovery.

According to the report, SK hynix plan to Hana Bank (Hana Bank) loans 300 billion won, and through the other financial institutions to borrow 200 billion won.

SK hynix executive said, fund-raising purpose is to meet the market better, forecast the fastest in the third quarter, can see the semiconductor market recovery.

Analysts pointed out that the coming of the semiconductor market recovery attributed to the production of the world's biggest makers of memory chips. In April this year, the global memory chip market is declining, and results in influence, samsung announced the production of memory chips. Although samsung didn't publish the exact output cut, but analysts expect Citigroup, samsung DRAM will lose 20%, NAND Flash will be cut by 15%.

Citigroup's latest research report, although it still holds conservative views on chip industry, but some signs that can be optimistic about the follow-up semiconductor markets, including PC sales stabilizing, artificial intelligence (AI) in demand, and mobile phone market gradually warming.