Nvidia impact: World's second-biggest memory chipmaker from South Korea reports over 8 trillion won profit
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, as per a report.
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«Demand of HBM and high-density server DRAM… will continue to increase as global big tech companies' investment in AI servers grows and AI inference technology gains importance,» SK Hynix said in a statement, Reuters reported.
The world's second-biggest memory chipmaker reported an 8.1 trillion won ($5.64 billion) operating profit for the October-December quarter, up from a 346 billion won profit a year earlier.
The result compared with an 8 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate.
SK Hynix's quarterly operating profit exceeded its bigger rival Samsung Electronics' forecast December-quarter operating profit of 6.5 trillion won. Samsung's earnings encompass its chips, mobile, TV and home appliance businesses, while SK Hynix solely focuses on memory chips.
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