View photosMoreMobile memory chips made by chipmaker SK Hynix are seen in this picture illustration taken in Seoul May 10, 2013.
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SEOUL Reuters - South Korean memory chip maker SK Hynix Inc on Tuesday tipped a strong pickup in DRAM memory chips for mobile devices in the second half after its second-quarter operating profit fell to its lowest in more than three years.
2 memory chip maker after Samsung Electronics Co Ltd said key clients would launch new smartphone products, boosting a market which has been hurt by weak demand for consumer electronics.
"The third quarter is a time when demand from key clients for new smartphone products rises significantly, which will have a positive effect," SK Hynix said in a statement.
SK Hynix said in a regulatory filing its April-June profit was 453 billion won $397 million , the lowest since the first quarter of 2013 and matching analysts' estimates from a Thomson Reuters StarMine SmartEstimate survey.