Hynix considering 25% cut in 2023 capex

Author: EIS Release Date: Jul 22, 2022

Hynix is reported to be considering cutting its 2023 capital expenditure by about a quarter to $12.2 billion in response to reduced demand.

 

Hynix had slated $16 billion for capex next year.

 

Micron has said it expects next year’s capex to be lower than this year’s, and TSMC has said it may cut this year’s capex by 9%.

 

In the DRAM spot market prices are falling on soft demand, while an over-supply of NAND is expected to  result in an 8-13% price fall in Q3.