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Industry

SK Hynix to overhaul long-term supply contracts to prioritise volumes over price

SK Hynix is reviewing a new structure for long-term supply agreements, saying customers increasingly view securing volumes as a key risk. The company reported record quarterly revenue and operating profit for the first quarter of 2026 and said shortages of HBM, server DRAM and enterprise SSDs may persist, extending a price upcycle. It will bring forward the start of its Yongin cluster Phase 1 fab and accelerate NAND transitions and next-generation product rollouts.

Industry

SK Hynix posts Q1 operating profit of 37.6 trillion won, up 405 percent year on year

SK Hynix said on Wednesday it posted first-quarter revenue of 52.6 trillion won and operating profit of 37.6 trillion won. Revenue rose 198 percent from a year earlier and operating profit jumped 405 percent, with an operating margin of 72 percent. Quarterly revenue topped 50 trillion won for the first time. The company cited strong demand supported by expanded AI infrastructure investment and higher sales of high value-added products.

Industry

U.S. Congress introduces bill to tighten chip tool export controls to China, targeting ASML DUV

The U.S. Congress has introduced new export-control legislation aimed at blocking sales, maintenance and technical support for semiconductor equipment to major Chinese chip firms, Cryptopolitan reported. The bipartisan MATCH Act would narrow access to key tools China cannot produce and extends restrictions beyond advanced EUV to older DUV systems, including ASML immersion DUV. The bill lists firms such as SMIC and Huawei and would press allies to strengthen rules within 150 days.