SK hynix posts record profits on surging AI demand
South Korean chip giant Sk Hynix, thanks to the demand for artificial intelligence, reported a record profit every three months on Thursday.
The world’s second largest memory chip manufacturer dominates the semiconductor market with high band -width (HBM) and is a key supplier for the US Titan Nvidia.
The company said that the operating profit increased by approximately 70 percent to 9.21 trillion Won (6.72 billion dollars) in the second quarter and that the revenues came to 22.23 trillion Won.
The news comes after the Taiwan Chip giant TSMC last week, despite the threat of the United States in the critical sector, after completing the forecasts thanks to the solid demand for AI technology and announced a net profit for the second quarter.
HK Hynix said that the net profit is close to 70 percent annually with 6.99 trillion Won.
“An aggressive investment of global major technology companies on artificial intelligence led to a stable increase in demand for AI memory.” He said.
Drama and Nand Flash shipments assumed estimates by increasing the results.
“SK Hynix predicts that increasing competition to increase the inference of AI models among major technology companies will lead to higher demand for high -performance and high capacity memory products.”
The shares in the company rose more than three percent in Seoul.
South Korea is a major exporter to the United States and will suffer greatly under 25 percent tariffs of President Donald Trump, the central semiconductor and automobile industries.
Experts connect SK Hynix to the growth of the drama market.
According to the housing of the expert research firm, the company took the lead with a 36 percent market share in drama revenues in April. This has exceeded South Korean rival Samsung for the first time and marked the first change in the top row for more than forty years.
The company also recorded united 15.5 billion dollars of drama and NAND sales in the second quarter and matched Samsung in a way to direct the global memory market to the global memory market.
Sk Hynix said in a conference meeting that “the previous quarter began because of trading tensions and concerns of slowing down demand due to wider economic uncertainty,”
However, “the investments of large technology firms related to strong artificial intelligence continued to increase growth in demand for AI -oriented memory products”.
Since a SK Hynix official threatened certain restrictions on semi -conductive sales of the United States to China, customers’ preventive purchases to protect against external risks “actually created a” more favorable environment than expected “.
Despite the geopolitical cases, the company added that the production situation has seen “change”.
