SK Hynix Quarterly Profit Jumps Five Fold on AI Demand
SK Hynix reported a five-fold profit jump to 37.6 trillion won. The firm says AI chip demand will exceed its manufacturing capacity for the next three years.
SK HYNIX INC reported a record 37.6 trillion won ($25.3B) quarterly operating profit, a five-fold jump from 7.4 trillion won last year. Revenue for the South Korea chipmaker rose 198% to 52.6 trillion won, matching LSEG SmartEstimate projections. Persistent AI memory demand keeps supply constrained, protecting margins for the primary supplier to NVIDIA CORP.
### Why HBM Supply Cannot Keep Pace SK Hynix says client requests for High Bandwidth Memory (HBM) exceed production capacity through 2027. Ki Tae Kim, head of HBM sales, said supply remains tight despite plans to accelerate capacity expansion.
