US EditionNvidia-supplier SK Hynix third-quarter profit jumps 62% to a record high on AI-fueled memory demand
SK Hynix's Q3 operating profit rose 62% year on year to 11.4 trillion won, driven by AI-related high-bandwidth memory chip sales, analysts said.
- On Oct 29, SK Hynix posted a record quarterly result with operating profit of 11.4 trillion won and revenue up 39% to 24.4 trillion won for the July-September period.
- AI-Driven demand lifted sales of high-bandwidth memory as SK Hynix secured an early lead and became Nvidia's main HBM supplier for AI data center servers.
- HBM is a DRAM variant used in servers and workstations, and SK Hynix said its memory chips power devices from servers to smartphones and laptops.
- SK Hynix said it completed discussions with key customers on next-year HBM supply, noting `As demand across the memory segment has soared due to customers' expanding investments in AI infrastructure`.
- SK Hynix plans to start HBM4 shipments in the fourth quarter after mass production completed in September, with a full-scale sales expansion slated for next year, SK Hynix said.
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SK hynix Q3 operating profit reaches $7.93 bil.
SK hynix set a new quarterly earnings record in the third quarter, powered by strong artificial intelligence (AI) chip sales and higher memory prices. The company said Wednesday that its sales and operating profit for the July-to-September period stood at 24.45 trillion won ($17.04 billion) and 11.38 trillion won, respectively. This marks a new quarterly earnings record for the chipmaker, driven by rising prices of DRAM and NAND flash memory and…
SK Hynix Posts Record Profit After AI Boom Fuels Chip Demand
SK Hynix Inc. reported a 62% jump in profit and said customers have already secured its entire memory chip lineup for next year, illustrating how a global AI infrastructure buildout is ratcheting up sector-wide demand.
SK Hynix Announces Q3 Earnings… Operating Profit Hits Record High of KRW 1.13 Billion Following HBM4, DDR5 and eSSD Sold Out… Capacity Expansion Accelerated [Digital Daily Reporter Bae Tae-yong] SK Hynix is transitioning to full operation across its entire product line, beyond HBM (High Bandwidth Memory). With server shipments projected to increase by the late 10% year-on-year next year, DRAM and NAND are virtually sold out. HBM4 supply contract…
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