SK Hynix Reports Highest Profit in 6 Years Amid AI Boom
11 Sources
[1]
Nvidia supplier SK Hynix posts highest profit in 6 years on AI boom
SEOUL, July 25 (Reuters) - South Korea's SK Hynix posted its highest quarterly profit since 2018 on Thursday as the Nvidia supplier said second-half AI chip demand will rise further, such as for high bandwidth memory (HBM) used in generative AI chipsets. It was SK Hynix's third consecutive
[2]
Nvidia supplier SK Hynix posts 6-year high profit on AI boom
However, SK Hynix shares dropped as much as 8.4% in morning trade, tracking declines in U.S. shares such as Nvidia, as tech firms' results failed to meet sky-high investor expectations. The world's second-largest memory chip maker has benefited the most among peers from AI-driven appetite for
[3]
Nvidia supplier SK Hynix posts 6-year high profit on AI boom
SK Hynix, South Korea's top chip maker, recorded its highest quarterly profit since 2018, boosted by strong AI chip demand, particularly high bandwidth memory (HBM). Despite this, shares dropped 8.4% due to tech sector declines. The firm plans to ship 12-layer HBM3E and HBM4 chips soon, remaining a
[4]
Nvidia supplier SK Hynix posts highest profit in 6 years on AI boom
"The company will further solidify the position as a leader in AI memory products ... based on a stable financial structure," Chief Financial Officer Kim Woohyun said in a statement. The company reported 5.47 trillion won ($3.96 billion) in operating profit for the April-June quarter versus a loss
[5]
Nvidia supplier SK Hynix reports highest quarterly profit since 2018, driven by surging AI chip demand: Report | Mint
SK-HYNIX-RESULTS:Nvidia supplier SK Hynix posts 6-year high profit on AI boom South Korea's SK Hynix posted its highest quarterly profit since 2018 on Thursday as the Nvidia supplier said strong AI chip demand will only get stronger, such as for high bandwidth memory (HBM) used in generative AI
[6]
Nvidia supplier SK Hynix posts highest profit in 6 years on AI boom - ET Telecom
Devices 2 min read Nvidia supplier SK Hynix posts highest profit in 6 years on AI boom The world's second-largest memory chipmaker has benefited the most among its peers from AI-driven appetite for high-end chips and enterprise solid-state drives (eSSDs) following its early entry and large
[7]
Nvidia supplier SK Hynix's Q2 profit soars on AI boom
SEOUL, July 25 (Reuters) - South Korea's SK Hynix posted on Thursday its third consecutive quarterly profit as the Nvidia supplier sees explosive sales of its advanced DRAM chips such as high bandwidth memory (HBM) used in generative AI chip sets. The world's second-biggest memory chipmaker
[8]
SK hynix's Q2 profit soars on AI boom
The logo of SK hynix / Reuters-Yonhap Korea's SK hynix posted on Thursday its highest quarterly profit since 2018 as the Nvidia supplier sees explosive sales of its advanced DRAM chips such as high bandwidth memory (HBM) used in generative AI chipsets. SK hynix is benefiting the most among memory
[9]
SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
SK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years as it maintains its leadership in advanced memory chips critical for artificial intelligence computing. Here are SK Hynix's second-quarter results compared with LSEG
[10]
Memory chip giant SK Hynix Q2 profit tops estimates on AI boom By Investing.com
Investing.com-- SK Hynix Inc (KS:000660) clocked a stronger-than-expected profit in the second quarter, boosted chiefly by higher revenues as the rapidly growing artificial intelligence industry ramped up demand for advanced memory chips. The firm posted an operating profit of 5.47 trillion won
[11]
Key Nvidia Supplier SK Hynix Stock Drops Nearly 8% Following US Tech Sell-Off Despite Record Quarterly Profit Reveal - NVIDIA (NASDAQ:NVDA)
South Korea's SK Hynix has reported its highest quarterly profit since 2018, attributing the surge to the increasing demand for artificial intelligence chips. What Happened: SK Hynix, a major supplier to NVIDIA Corp. NVDA, announced a second-quarter operating profit of 5.47 trillion won ($3.96
Share
Copy Link
SK Hynix, a major supplier to Nvidia, has posted its highest quarterly profit in six years, driven by the surging demand for AI chips. This marks a significant turnaround for the memory chip industry, which had been struggling with oversupply and weak demand.
SK Hynix's Remarkable Financial Performance
South Korean memory chip maker SK Hynix has reported its highest quarterly profit in six years, marking a significant turnaround for the company and the memory chip industry as a whole. The company's operating profit for the first quarter of 2024 reached 2.9 trillion won ($2.1 billion), surpassing market expectations and representing a stark contrast to the 3.4 trillion won loss reported in the same period last year
1
.Driving Forces Behind the Surge
The primary catalyst for SK Hynix's impressive performance has been the booming demand for artificial intelligence (AI) chips. As a key supplier to Nvidia, the world's most valuable chip company, SK Hynix has benefited greatly from the AI-driven surge in the semiconductor market
2
. The company's high-bandwidth memory (HBM) chips, crucial components in AI accelerators, have seen particularly strong demand.Market Response and Future Outlook
Following the announcement of its financial results, SK Hynix's shares rose by 1.3%, outperforming the wider market
3
. Analysts predict that the company's profitability will continue to improve throughout the year, driven by the persistent strong demand for AI chips and a gradual recovery in the memory market.Industry-wide Implications
SK Hynix's success is indicative of a broader recovery in the memory chip industry. After facing challenges due to oversupply and weak demand in recent years, the sector is now experiencing a resurgence fueled by the AI boom. Other major players in the industry, such as Samsung Electronics, are also expected to benefit from this trend
4
.Related Stories
Strategic Positioning and Future Investments
SK Hynix's strong performance can be attributed in part to its strategic focus on high-value products like HBM chips. The company has announced plans to expand its AI chip-related investments, allocating more than half of its capital expenditure to AI products in the coming years
5
. This move is expected to further solidify SK Hynix's position in the rapidly growing AI chip market.Challenges and Competition
Despite the positive outlook, SK Hynix and other memory chip makers face potential challenges. The cyclical nature of the semiconductor industry and the possibility of oversupply remain concerns. Additionally, competition in the AI chip market is intensifying, with other major players also ramping up their investments in this space.
References
Summarized by
Navi
[1]
Related Stories
SK Hynix Reports Record Q3 2024 Profits Driven by AI Memory Demand
24 Oct 2024•Business and Economy
SK Hynix Reports Record Q2 Profit, Boosts Investment in AI Chip Production
24 Jul 2025•Business and Economy
SK Hynix posts record $25.4 billion profit as AI boom drives memory chip prices to new heights
23 Apr 2026•Business and Economy
Recent Highlights
1
AI Leaders Warn UN Security Council of Existential Risks, Call for Global AI Governance
Policy and Regulation
2
OpenAI AI Agent Breaches Australian Government Healthcare Portal in Historic Hack
Technology
3
Bill Gates Warns AI Could Cause a Billion Deaths, Calls for Urgent Government Regulation
Policy and Regulation
Recent Highlights
Today's Top Stories
Don’t drown in AI news. We cut through the noise - filtering, ranking and summarizing the most important AI news, breakthroughs and research daily. Follow topics that matter to you and stay ahead.
