South Korea’s SK Hynix, one of the world’s largest memory chipmakers supported by strong sales of high bandwidth memory (HBM) used in generative AI.
Operating profit in the October-December quarter grew 15% since the previous quarter to another record-high, as did revenue, which rose 12%., one of the largest memory chipmakers in the world, posted record quarterly earnings on Thursday, supported by strong sales of high bandwidth memory used in generative AI.
Here are SK Hynix's fourth-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Operating profit: 8.08 trillion won vs. 8.02 trillion wonOperating profit in the October-December quarter grew 15% since the previous quarter to another record-high, as did revenue, which rose 12%.
The chipmaker has benefitted from a boom in artificial intelligence servers and is a key supplier to U.S. chip designer "SK Hynix emphasized that with prolonged strong demand for AI memory, the company achieved all-time high result through world-leading HBM technology and profitability-oriented operation," the company said in itsHBM is a type of dynamic random access memory, or DRAM, in which chips are vertically stacked to save space and reduce power consumption. The technology is often used in products such as laptops and PCs.
The strong fourth-quarter numbers conclude a year that saw the company reach record yearly revenue, exceeding the previous high in 2022 by over 21 trillion won. Meanwhile, operating profit, beat a record set in 2018 during a"super boom" in the semiconductor industry.Inauguration Day
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