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2 hours ago · July 26, 2024. Resize. SEOUL — South Korean chip giant SK hynix reported its best quarterly profits in six years on Thursday, thanks to explosive global demand for artificial intelligence (AI), but its shares tumbled with other tech firms following a hefty sell-off on Wall Street. The world's second-largest memory chipmaker dominates the ...
2 hours ago · Global HBM leader, South Korea’s SK hynix, announced its financial report for the last quarter on July 25, exceeding market expectations. According to a report from Economic Daily News, the company also announced a full-scale effort to boost production of high-bandwidth memory (HBM) for AI, with this year’s capital expenditure expected to surpass initial projections.
4 hours ago · SK hynix this week reported its financial results for the second quarter, as well as offering a glimpse at its plans for the coming quarters. Notably among the company's plans for the year is the ...
17 hours ago · South Korea’s SK Hynix, a key supplier to NVIDIA, has reported its highest quarterly profit since 2018, thanks to a surge in demand for AI chips. Despite this achievement, the company’s shares fell by up to 8.4 per cent during morning trade, mirroring declines in US tech stocks like NVIDIA, as investor expectations remained unmet.
2 hours ago · SK Hynix's HBM revenue for Q2 was approximately 2.5 trillion won, up more than 80% from the previous quarter and over 250% year-on-year. This surge is attributed to the inclusion of SK Hynix's HBM3E 8-layer products in Nvidia's latest AI accelerator, "Blackwell." SK Hynix effectively dominates the HBM3E market with profit margins exceeding 50%.
1 day ago · SK Hynix announced on the 25th that its operating profit in the second quarter of this year was 5.4685 trillion won on a consolidated basis, tentatively turning into a surplus compared to the same period last year (operating loss of 2.8821 trillion won).
2 hours ago · SK Hynix recorded 6.47 trillion won in operating profit in the third quarter of 2018, when chip demands were at an all-time high., its largest quarterly profit figure to date. For the second quarter this year, the company said it saw high demand for AI memory chips such as high-bandwidth memory (HBM) and embedded solid-state drives.
