Operating profit for the third-quarter hit 7.03 trillion won ($5.08 billion), a record high, beating LSEG forecast of 6.8 trillion won.
Operating profit for the third-quarter hit a record 7.03 trillion won , beating LSEG's forecast of 6.8 trillion won.
The South Korean chip giant is a key supplier to Nvidia and has benefitted from a boom in artificial intelligence servers.SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023.South Korea's SK Hynix, one of the world's largest memory chipmakers, on Thursday posted record quarterly profit, boosted by strong demand for its high bandwidth memory used in generative AI chipsets.
Here are SK Hynix's third-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:7.03 trillion won vs. 6.8 trillion won Operating profit in the July-September quarter hit its highest level, rebounding from a loss of 1.8 trillion won during theThe South Korean chip giant is a key supplier to Nvidia and has benefitted from a boom in artificial intelligence servers.
"While the demand of memory for AI servers such as HBM and eSSD has grown noticeably this year, the company predicts that this trend will continue next year," the firm said in its
Breaking News: Technology Technology SK Hynix Inc Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia supplier SK Hynix clocks record Q3 profit on AI boomNvidia supplier SK Hynix clocks record Q3 profit on AI boom
Read more »
Nvidia falls as Beijing discourages local companies from buying Nvidia chipsNvidia falls as Beijing discourages local companies from buying Nvidia chips - BBG
Read more »
SK Hynix announces mass production of updated AI chip, spurring rally in Asian semiconductor stocksThe South Korean giant has been a main supplier of the high-bandwidth memory chips catering to AI chipsets for companies like Nvidia.
Read more »
SK Hynix Starts Mass Production of World's First 12-Layer HBM3E Memory ChipsSK Hynix, the world's second-largest memory chipmaker, has commenced mass production of its new HBM3E memory chips with a groundbreaking 12-layer structure. These advanced chips boast a 36 gigabyte capacity, marking a 50% increase compared to their previous eight-layer counterparts. The company aims to deliver these high-performance memory solutions by the end of the year, solidifying its position in the rapidly growing AI memory chip market.
Read more »
SK Hynix shares jump as company announces mass production of updated AI chipThe South Korean giant has been a main supplier of the high-bandwidth memory chips catering to AI chipsets for companies like Nvidia.
Read more »
SK Hynix Begins Mass Production of World's First 12-Layer HBM3E Memory ChipsSK Hynix announced the start of mass production for its new high-bandwidth memory (HBM) chips, boasting a record 36 gigabyte capacity and 12 layers. This latest generation of HBM3E aims to power advanced AI applications and solidify SK Hynix's position in the growing AI memory market.
Read more »