AI memory boom drives SK hynix to record quarterly profit
SK hynix posted record second-quarter results on Wednesday as surging demand for high-bandwidth memory (HBM) chips used in AI servers continued to reshape the semiconductor industry.
The South Korean chipmaker reported revenue of 79.3187 trillion won and operating profit of 60.5426 trillion won, up 257% and 557%, respectively, from a year earlier. First-half revenue also crossed 100 trillion won for the first time in the company’s history.
Even with record earnings, SK hynix shares dropped post-announcement as investors expected even stronger results as AI-driven expectations had been growing for months, demonstrating just how high expectations in the AI chip industry have grown.
Why memory sits at the center of the AI trade
High Bandwidth Memory (HBM) has emerged as one of the essential parts of AI infrastructure. By vertically stacking memory chips, HBM provides much more bandwidth and better power efficiency than regular DRAM, enabling Nvidia’s and all other chip manufacturers’ AI accelerators to carry out huge amounts of work more efficiently.
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