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SK Hynix: NAND production cuts will last until June 2024 at least

In the third quarter of 2023, SK Hynix saw its DRAM business get out of the red thanks to increased demand for high-bandwidth memory (HBM) and DDR5. However, its NAND Flash business continues to underperform. The company expects the NAND Flash production cuts to last until at least the first half of 2024.