SK hynix (000660.KS) dismissed concerns about oversupply stemming from the recent race among memory companies to expand production capacity, saying "the likelihood of this leading directly to oversupply is limited."
During a conference call on the 29th to announce its second-quarter earnings this year, SK hynix said, "The capacity expansion currently under way is based on demand visibility secured through strengthened partnerships with customers." The company added, "Actual equipment investment will proceed in stages, taking into account customer demand visibility and investment efficiency."
SK hynix also said its capacity expansion "will be carried out flexibly," conveying its policy of controlling the pace of supply.
