As memory prices plunge, SK hynix reports its biggest quarterly operating loss on record in Q4, ~$1.4B vs. estimates of ~$900M, on a 38% YoY drop in revenue (Sohee Kim/Bloomberg)

Sohee Kim / Bloomberg:
As memory prices plunge, SK hynix reports its biggest quarterly operating loss on record in Q4, ~$1.4B vs. estimates of ~$900M, on a 38% YoY drop in revenue  —  South Korean chipmaker SK Hynix Inc. reported its biggest quarterly loss on record, due to plunging prices in memory chips as tech demand fell worldwide.