Hynix Semiconductor Inc, the world's No. 2 memory chip maker, reported its sixth straight quarterly loss on Friday, but predicted better days ahead as chip prices recover.

The company's operating loss beat expectations and Hynix said it was aiming to post a quarterly profit within the year by cutting costs and focusing on premium DRAM products.

Hopes are slowly emerging across the industry for a long-awaited recovery as prices of dynamic random access memory chips are stabilising following steep output cuts.

But many analysts have cautioned that only continuous price rises will ensure chip makers return to profit.

Hynix, which competes with bigger rival Samsung Electronics , reported a 1.18 trillion won net loss in the quarter ended in March, on a consolidated basis, in line with a 1.08 trillion won deficit forecast by Reuters Estimates.

The company was hurt by weak DRAM prices and depressed demand during the quarter.

By: DocMemory
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