SK hynix Inc. (000660.KS)
- Bloomberg
AI Memory Boom Propels SK Hynix's Fastest Sales Growth Since 2010
(Bloomberg) -- SK Hynix Inc. said it expects a full recovery in the memory market, led by surging AI-related demand, and lifted its capital spending plans.Most Read from BloombergApple Intensifies Talks With OpenAI for iPhone Generative AI FeaturesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingWall Street Humbled as Fast-Reversing Markets Confound the ProsThe Long, Slow Death of Urban NightlifeJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldThe leader in the high-ban
- PR Newswire
SK hynix Announces 1Q24 Financial Results
SK hynix Inc. (or "the company", www.skhynix.com) announced today that it recorded 12.43 trillion won in revenues, 2.886 trillion won in operating profit (with an operating margin of 23%), and 1.917 trillion won in net profit (with a net margin of 15%) in the first quarter.
- Reuters
Nvidia supplier SK Hynix expects full chip recovery after strong earnings on AI boom
SEOUL (Reuters) -South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of advanced DRAM chips with high bandwidth memory (HBM) for use in generative AI chipsets. "The memory market is entering into full recovery cycle with ongoing strength of AI demand," SK Hynix said. With chipmakers focusing production capacity more on chips to meet AI-driven demand, there may be a shortage of regular memory chips for smartphones, personal computers and network servers by year-end if demand for tech devices exceeds expectations, Hynix said.
