SK Hynix is considering increasing the production output of some specific DRAM chips within the first quarter, the company said.
This was because there were signs of market conditions improving, SK Hynix Kwak Noh-jung said at a press conference in Las Vegas on the sidelines of CES 2024.
For NAND, while the company believes the worst is over recovery has been relatively slower so such considerations will be made after the mid-point of the year, Kwak said.
SK Hynix recorded quarterly operating losses from the fourth quarter of 2022 up to the third quarter of last year from the slump in the memory chip market.
SK Hynix, along with Samsung and Micron, had responded to this downturn by reducing their production output. Prices of memory chips DRAM and NAND began to tick up again in the fourth quarter of last year.
Kwak said the memory chip industry was experiencing an unprecedented time from fast changes in the economy and geopolitical situations.
Amid this climate, SK Hynix was in close communications with governments of countries and it was also running a task force to respond to the geopolitical issues, the CEO said.
He added that the spread of generative AI will increase the importance of memory. This and other efforts by the company will allow it to double its value from 100 trillion won to 200 trillion won within the next three years, Kwak added.