Chip inventory of Samsung, SK hynix remains high in Q3
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Summary
Samsung Electronics and SK hynix have reported high semiconductor inventories in the third quarter of this year, largely attributed to the ongoing global economic downturn impacting demand. Samsung's inventory assets reached $42.3 billion, a 5.9 percent increase from the end of 2022, with its chip business inventory surging by 16.1 percent. SK hynix's inventory was valued at $14.9 billion in September, down 4.6 percent from nine months earlier but nearly tripling from the end of 2021. Combined, the two chipmakers' inventory levels rose by 8.8 percent. Additionally, Samsung sold $1.3 billion worth of shares in ASML Holdings N.V. to bolster its cash flows.
The Korea Times
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