SK Hynix – Samsung's fellow semiconductor company – recorded record high revenue and profit, reflecting strong demand for its memory chip products.
SK Hynix reported better-than-expected third-quarter results, with operating profit reaching 7.03 trillion won ($5.08 billion) and revenue nearly doubling to 17.57 trillion won ($12.7 billion).
South Korean semiconductor company expects double-digit growth in DRAM and NAND demand through 2025.
SK Hynix shares have surged 35% this year as the company widened its lead over Samsung and Micron in supplying high-bandwidth (HBM) chips used in Nvidia's AI products.
Nvidia plans to deliver its high-end 12-layer HBM3E line in the fourth quarter.
SK Hynix's results reflect a focus on high-end products amid falling prices for older technology chips, according to Greg Roh, an analyst at Hyundai Motor Securities.
“It proves the company has the technology and capabilities to focus on where the money is,” he said.
SK Hynix also benefited from demand for enterprise solid-state drives (SSDs), used in data centers.
Samsung's rival said capital expenditures this year will be higher than originally planned to keep up with the boom in AI hardware.
The company has announced several investment plans this year, including $3.87 billion to build an advanced packaging plant and AI product research center in Indiana, USA.
At home, SK Hynix will spend $14.6 billion to build a memory chip complex and make other investments, including the government-backed Yongin Semiconductor Cluster project.
(According to Bloomberg)
Source: https://vietnamnet.vn/trong-khi-samsung-choi-voi-doi-thu-dong-huong-lai-cham-noc-2335039.html
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