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SK Hynix AI Chip Boom: Profit Soars Sixfold
29 Jul
Summary
- Operating profit reached a record 60.54 trillion won, a sixfold increase year-over-year.
- Booming AI demand drove a 257% revenue climb to 79.32 trillion won.
- Company began shipping HBM4 products, with full production ramping up soon.
SK Hynix announced a record-breaking second-quarter operating profit of 60.54 trillion won, marking a more than sixfold increase from the previous year. This remarkable achievement was propelled by robust demand for artificial intelligence memory chips and improved memory pricing.
Revenue saw an impressive 257% jump to 79.32 trillion won, with net profit surging over twelvefold. The company highlighted the broadening adoption of AI across various sectors, significantly boosting the structural demand for high-bandwidth memory (HBM), server DRAM, and enterprise SSDs.
Looking ahead, SK Hynix anticipates continued growth momentum as supply constraints gradually ease. The company has commenced shipping HBM4 products and plans a full production ramp-up in the second half of the year, while also supplying HBM4E samples to a key customer. They forecast substantial year-on-year growth for DRAM and NAND demand in 2026.
