SK Hynix, a South Korean memory chipmaker, has recently made a comeback in the first quarter, reporting a net profit of 1.92 trillion South Korean won. This marks a significant turnaround from the loss of 2.58 trillion won they experienced in the same period a year ago.
In the first quarter, SK Hynix recorded a revenue of 12.43 trillion won, representing a 144% increase from the previous year. This surge in revenue can be attributed to the company’s focus on high-bandwidth memory chips for AI chipsets, particularly as the demand for AI chipsets has soared in recent times.
Looking ahead, SK Hynix has outlined plans to further strengthen its position in the memory chip market. The company announced its intention to increase the supply of HBM3E, the latest generation of high-bandwidth memory for AI. Additionally, they plan to introduce 32GB Double Data Rate 5 products to solidify their presence in the high-capacity server DRAM market.
SK Hynix projects steady growth in the memory market in the coming months, with a specific emphasis on the rising demand for AI memory. As the conventional DRAM market is expected to recover in the second half of 2024, the company remains optimistic about its future performance.
To meet the growing demand for AI chips, SK Hynix has been proactive in forming strategic partnerships. They have collaborated with TSMC, the world’s largest contract chip manufacturer, to develop high-bandwidth memory 4 chips and next-generation packaging technology. Mass production of the HBM4 chips is scheduled to begin in 2026.
SK Hynix’s resurgence in the memory chip market is a testament to its strategic focus on high-performance products for AI applications. With a solid financial performance in the first quarter and promising expansion plans on the horizon, the company is well-positioned to capitalize on the growing demand for memory chips in the tech industry.
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