Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
Publishing timestamp: 2024-07-25 07:02:34
Summary
SK Hynix reported its highest operating profit in 6 years in the second quarter of 2021, driven by strong demand for AI memory products. The company plans to continue its leadership in the high-bandwidth memory market by mass-producing 12-layer HBM3E products and expects tight supply situations for conventional DRAM to continue. Analysts predict that the favorable price environment will continue, leading to robust earnings for SK Hynix in the coming years.
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