SK Hynix Inc Q4 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Hyunwoo Doh - NH Investment & Securities Co., Ltd., Research Division - Analyst : [Interpreted] I have 2 questions. First is about the recent inventory level of both DRAM and NAND Flash. So can you give us an update about inventory? And the second question is about the market prices. It appears as if there is a high likelihood that there is going to be a spike in the DRAM ASP in the first quarter. Does the company also agree with this outlook? What is the company's assessment?

Question: Jong Woo Yoo - Korea Investment & Securities Co., Ltd., Research Division - Analyst : [Interpreted] I also have 2 questions. First is, in the fourth quarter, the company's performance was below the market's expectation. And of course, in your presentation, you did mention the initial start-up costs and also the initial cost burden. So do the start-up costs also include the one-off costs? And do you believe that the start-up -- there would be more start-up costs to come in the future? And the second question is, the demand for the server DRAM coming from data centers appears to be quite high and quite strong. So stronger, much stronger than expected, it seems. So where do you find the causes? Is it because of the pent-up demand coming from the falling inventory? And how long do you believe that such a strong demand will last? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. JANUARY 31, 2020 / 12:00AM, 000660.KS - Q4 2019 SK Hynix Inc Earnings Call