SK hynix Surpasses Samsung in Quarterly Profit, Driven by AI Chip Demand
16 Sources
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SK hynix's surpasses Samsung Electronics for 1st time in quarterly profit
SK Hynix headquarters in Icheon, Gyeonggi Province, is seen in this Jan. 23 photo. Yonhap Chipmaking giant SK hynix has surpassed its biggest rival, Samsung Electronics Inc., for the first time ever in terms of quarterly profit, data showed Tuesday, as its robust sales of artificial intelligence
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SK hynix report record-breaking Q4 earnings on rising demand for AI chips
The SK hynix logo / Korea Times file Korean chipmaking giant SK hynix said Thursday its fourth-quarter earnings hit a record high on rising demand for artificial intelligence (AI) chips, including high bandwidth memory (HBM), sharply beating market expectations. Its 2024 revenues and operating
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SK Hynix profits beat Samsung's for first time on AI boom
Chipmaker SK Hynix overtook its larger rival Samsung on quarterly profit for the first time, with its lead in advanced memory chips producing robust sales that it expects to double this year as a boom in artificial intelligence data centres continues. Operating profit at SK Hynix jumped more than
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SK hynix becomes most profitable Korean company in Q4 2024
SK hynix's high-bandwidth memory 3e chip is displayed at the company's booth for CES 2025 at the Las Vegas Convention Center, Jan. 6 (local time). Yonhap Chip maker plans to mass-produce 12-layer HBM4 chip this yearBy Nam Hyun-woo SK hynix posted multiple record highs in its 2024 earnings,
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SK hynix reports highest-ever yearly earnings for 2024, all thanks to HBM and the AI boom
TL;DR: SK hynix reported record profits in 2024, driven by high demand for its HBM memory used in AI chips, achieving sales of 66.1 trillion won and operating profits of 23.4 trillion won. Despite the success, the labor union criticized the company for not honoring a profit-sharing agreement. The
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SK Hynix fourth-quarter profit soars to a record high, beating expectations on AI boom
South Korea's SK Hynix, one of the world's largest memory chipmakers, posted record quarterly earnings on Thursday, supported by strong sales of high bandwidth memory (HBM) used in generative AI. Here are SK Hynix's fourth-quarter results compared with LSEG SmartEstimate, which is weighted toward
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Nvidia Supplier SK Hynix Posts Record Profit on AI Boom -- Update
SK Hynix reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024, as it continued to benefit from robust chip demand amid the artificial-intelligence boom. The South Korean memory-chip maker supplies advanced high-bandwidth-memory products
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SK hynix posts record revenues and profits as AI industry drives surge in HBM3 and HBM3E demand
SK hynix this week posted record earnings, operating profits, and net income for 2024. The company managed to more than double its revenue and return to profitability mainly due to increased demand for premium types of dynamic random access memory (DRAM) such as HBM3/HBM3E as well as
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Nvidia Supplier SK Hynix Posts Record Quarterly Profit on AI Chip Demand
SEOUL (Reuters) -South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets. "Demand of HBM and high-density server DRAM... will continue to
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SK Hynix Posts Strong Fourth-Quarter Net Profit on AI Boom, Beating Consensus
SK Hynix posted stronger-than-expected earnings for the final quarter of 2024 as it continued to benefit from robust chip demand amid the artificial-intelligence boom. The South Korean memory-chip maker supplies advanced high-bandwidth-memory products to AI-chip giant Nvidia, and its market
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Nvidia impact: World's second-biggest memory chipmaker from South Korea reports over 8 trillion won profit
Nvidia supplier and South Korean memory chipmaker SK Hynix has registered a hefty profit.South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence
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SK Hynix hits record $13.7B earnings but why did shares drop 2.7%?
SK Hynix, a leading South Korean memory chipmaker, reported record quarterly earnings of 19.77 trillion won ($13.7 billion) on Thursday, driven by robust sales of high bandwidth memory (HBM) utilized in generative AI chipsets. However, its shares fell by 2.7% as CFO Kim Woohyun cautioned about
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Nvidia Partner SK Hynix Posts Record Profit Propelled by AI Boom
SK Hynix Inc. earned a record quarterly profit after the company extended its lead in memory chips used in datacenters and artificial intelligence development. Nvidia Corp.'s main supplier of high-bandwidth memory reported operating profit of 8.08 trillion won ($5.6 billion) in the December
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SK hynix hit by market uncertainty, despite record earnings
Shares slide at 'most profitable' company in Korea as world worries over geopolitics Market uncertainty and fears around trade protectionism are overshadowing SK hynix's latest earnings, with its shares sliding despite revenue doubling for the financial year just completed. The Korean memory
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Nvidia supplier SK Hynix clocks bumper Q4 profit on AI-fueled chip demand By Investing.com
Investing.com-- Nvidia supplier SK Hynix Inc (KS:000660) posted a sharp increase in its fourth-quarter profit on Thursday, as the memory chip maker benefited from increased demand for high-end chips from the artificial intelligence industry. Operating profit surged 2,236% to a record-high 8.08
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Nvidia Supplier SK Hynix Soars 102% In Revenue, But Stock Drops Despite AI Memory Boom - NVIDIA (NASDAQ:NVDA)
SK hynix Inc. reported financial results for 2024, with revenues surging 102% to 66.19 trillion won ($46.34 billion), driven by explosive demand for artificial intelligence memory products. The South Korean semiconductor manufacturer, a critical supplier to Nvidia Corp. NVDA, transformed from a
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SK hynix reports record-breaking earnings for Q4 2024 and the entire year, outperforming Samsung Electronics in quarterly profit for the first time. The success is attributed to strong demand for AI memory chips, particularly high bandwidth memory (HBM).
SK hynix Achieves Record-Breaking Performance
SK hynix, the South Korean chipmaking giant, has reported unprecedented financial results for the fourth quarter of 2024 and the entire year, marking a significant milestone in the semiconductor industry. The company's success is largely attributed to the surging demand for artificial intelligence (AI) memory chips, particularly its high bandwidth memory (HBM) products
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.Quarterly Profit Surpasses Samsung
For the first time in its history, SK hynix has outperformed its biggest rival, Samsung Electronics, in terms of quarterly operating profit. SK hynix posted a record 8.08 trillion won ($5.62 billion) in operating profit for the October-December period, up 15 percent from a year earlier. In comparison, Samsung Electronics estimated its fourth-quarter operating profit at 6.5 trillion won
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.Annual Performance Highlights
SK hynix's annual performance for 2024 was equally impressive:
- Revenue: 66.19 trillion won ($46.06 billion), nearly doubling from 32.77 trillion won in 2023
- Operating profit: 23.47 trillion won, compared to an operating loss of 7.73 trillion won in 2023
- Operating margin: 35 percent for 2024
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These figures shattered previous records, with annual revenue exceeding the 2022 record by 21 trillion won and operating profit surpassing the 2018 high of 20.84 trillion won
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.AI-Driven Success
The company's stellar performance was fueled by strong demand for premium high bandwidth memory (HBM) chips amid the generative AI boom. In the fourth quarter, HBM sales accounted for more than 40 percent of the company's DRAM sales, up from 30 percent in the previous quarter
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.Future Outlook and Innovations
SK hynix expects continued growth in 2025, forecasting that HBM sales will more than double this year. The company has already begun supplying its most advanced 12-layer HBM3E chips and plans to ship next-generation 16-layer HBM4 chips in the second half of 2026
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.Related Stories
Market Position and Competition
SK hynix has solidified its position as the global leader in the memory chip industry, a title it also claimed in the third quarter of 2024. The company remains far ahead of Samsung in the HBM segment, with Samsung still working to catch up in supplying HBM chips to key players like Nvidia
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.Labor Union Concerns
Despite the record-breaking performance, SK hynix's labor union has expressed dissatisfaction with the company's bonus distribution. The union claims that SK hynix has not honored a prior agreement to distribute 10% of operating profits to employees
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.As the AI boom continues to drive demand for advanced memory chips, SK hynix appears well-positioned to maintain its leadership in the HBM market and capitalize on the growing importance of AI in the semiconductor industry.
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