UPDATE 1-SK Hynix Q4 profit misses forecasts, hit by prolonged chip downturn

South Korea's SK Hynix , a chip supplier to Apple Inc and Huawei , said on Friday its fourth-quarter operating profit slumped 95%, missing analysts' estimates, as chip prices were hit by oversupply and weaker demand.

from Reuters: Technology, Media & Telecommunications https://ift.tt/2RGdIKr