December 20, 2023 /SemiMedia/ -- SK Group Chairman Tae-won Chey said recently that the semiconductor industry is currently bottoming out and prices are recovering, but supply and demand are still waiting to be balanced.

"Some demand is driving the overall market, but not an overall recovery. DRAM is improving, but NAND is still almost dormant. Hopefully it will recover soon in the first half of next year, and we will wait and see," Tae-won Chey said.

Starting from the fourth quarter of last year, SK Hynix has recorded a cumulative deficit of 10 trillion won for four consecutive quarters. Its DRAM turned surplus in the third quarter as demand for high-bandwidth memory (HBM) increased. However, NAND demand remains sluggish, supplier competition is fierce, and recovery is expected to take more time.