Memory Cycle Has Bottomed, Says CLSA’s Rana

The transcript discusses the current state of the memory market, focusing on SK Hynix's performance, which exceeded expectations due to higher shipments. The supply side is seeing CapEx cuts, leading to better inventory clearance and softening price declines. On the demand side, 5G smartphones are expected to drive significant growth in memory demand, particularly for DRAM and NAND, as 5G devices consume more memory than 4G devices.

What was the main reason for SK Hynix's operating profit exceeding expectations?

• Cost-cutting measures

• New product launches

• Higher than expected shipments

• Increased marketing efforts

What industry trend is mentioned as a reason for better inventory clearance?

• Introduction of new technologies

• CapEx cuts across the industry

• Expansion of production facilities

• Increased consumer demand

How much are DRAM shipments expected to grow according to SK Hynix's initial guidance?

• 8 to 10%

• 20 to 25%

• 5 to 7%

• 12 to 15%

What is the expected impact of 5G smartphones on memory demand?

• Increase in demand

• No significant change

• Demand will stabilize

• Decrease in demand

Which market is primarily driving the increase in DRAM shipments?

• European market

• North American market

• Chinese smartphone market

• South American market