SK Hynix<\/a>, one of the world’s largest memory chipmakers, on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets.<\/p>\nHere are SK Hynix’s third-quarter results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:<\/p>\n
Revenue: 24.45 trillion won ($17.13 billion) vs. 24.73 trillion wonOperating profit: 11.38 trillion won vs. 11.39 trillion won<\/p>\n
Revenue rose about 39% in the September quarter compared with the same period a year earlier, while operating profit surged 62%, year on year.<\/p>\n
SK Hynix makes memory chips that are used to store data and can be found in everything from servers to consumer devices such as smartphones and laptops.<\/p>\n
“As demand across the memory segment has soared due to customers’ expanding investments in AI infrastructure, SK Hynix once again surpassed the record-high performance of the previous quarter due to increased sales of high value-added products,” SK Hynix said in its earnings release.\u00a0<\/p>\n
The company has benefited from a boom in artificial intelligence as a key supplier of high-bandwidth memory or HBM chips used to power AI data center servers.\u00a0<\/p>\n
HBM falls into the broader category of dynamic random access memory, or DRAM \u2014 a type of semiconductor memory used to store data and program code that can be found in PCs, workstations and servers.<\/p>\n
SK Hynix has set itself apart in the DRAM market by getting an early lead in HBM and establishing itself as the main HBM supplier to the world’s leading AI processor maker, Nvidia.\u00a0<\/p>\n
However, its main competitors, U.S.-based Micron and South Korean-based tech giant Samsung, have been working to catch up in the space.<\/p>\n","protected":false},"excerpt":{"rendered":"A man walks past a logo of SK Hynix at the lobby of the company’s Bundang office in…\n","protected":false},"author":2,"featured_media":109270,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,964,726,122,61,60,123,40099,80],"class_list":["post-109269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-markets","tag-breaking-news-technology","tag-business-news","tag-ie","tag-ireland","tag-markets","tag-sk-hynix-inc","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/109269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=109269"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/109269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/109270"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=109269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=109269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=109269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}