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Nvidia supplier SK Hynix second-quarter profit soars 68% to a record high, revenue also hits new highs
SOUTH KOREA, JUL 23 – SK Hynix's second-quarter operating profit rose nearly 69% year-on-year to 9.2 trillion won, driven by doubling sales of high-bandwidth memory used in AI computing.
- SK Hynix in Seoul posted a record quarterly profit soaring 68% year on year, with revenues reaching all-time highs.
- Driven by growing AI model inference needs, high-bandwidth memory accounted for 77% of SK Hynix’s Q2 revenue and is set to double year on year.
- On inventory and finances, shipments of DRAM and NAND flash exceeded expectations, while cash and cash equivalents grew by 2.7 trillion won to 17 trillion at end-June.
- Following the record results, SK Hynix boosted its 2025 investment plan, expecting higher capital expenditure to support HBM customers in 2026.
- G. Dan Hutcheson of TechInsights said, `Nvidia suppliers like SK hynix will continue to enjoy strong demand for memory chips due to high memory content in AI chips,` and SK Hynix is preparing for mass production of HBM4 before year's end.
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96 Articles
96 Articles
Nvidia supplier SK Hynix says on track to double high-end AI chip sales
South Korea's SK Hynix posted on Thursday a record quarterly profit, driven by strong demand for advanced chips used in generative artificial intelligence chipsets and as some customers stockpiled semiconductors ahead of potential U.S. tariffs.
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Total News Sources96
Leaning Left16Leaning Right7Center27Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 32%
C 54%
14%
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