SK Hynix Achieves Record Profits Amid Surging AI Chip Demand

The South Korean chipmaker reports unprecedented revenue growth driven by high-bandwidth memory sales for AI applications.

SK Hynix posted its highest-ever quarterly revenue of ₩17.6 trillion ($12.7 billion), marking a 94% year-on-year increase.
Operating profit soared to ₩7 trillion ($5 billion), reversing a ₩1.8 trillion loss from the same period last year.
High-bandwidth memory (HBM) sales, crucial for AI servers, accounted for 30% of DRAM revenue and are expected to rise to 40% next quarter.
The company dismissed concerns of potential oversupply, citing long-term contracts and robust demand forecasts for AI chips.
SK Hynix plans to double HBM capacity and enhance NAND operations, positioning itself as a leader in AI memory technology.