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SK hynix surpasses 10 trillion won in quarterly operating
profit for first time
BY KIM JI-HYE, Korea JoongAng Daily - SK hynix posted an
operating profit of 11.38 trillion won ($8 billion) in the third quarter of
this year, up 61.9 percent year-on-year, the company said in a regulatory
filing Wednesday. This marks the first time in its history that the chipmaker’s
quarterly operating profit has surpassed the 10 trillion won mark.
Revenue rose 39.1 percent year-on-year to 24.45 trillion
won, while net profit jumped 119 percent to 12.6 trillion won, with a net
profit margin of 52 percent. The results surpass the company’s previous
quarterly records set in the second quarter, when it reported 22.23 trillion
won in revenue and 9.21 trillion won in operating profit.
SK hynix attributed the historic results to the rising
prices of DRAM and NAND flash memory, as well as increased shipments of
high-performance memory chips for AI servers.
“The sharp rise in demand across the memory segment was
driven by customers’ expanding investments in AI infrastructure,” the company
said. “Sales of high-value products such as 12-layer HBM3E and server-grade
DDR5 memory chips helped us set a new all-time high, surpassing the previous
quarter’s record.”
Shipments of server-grade DDR5 modules with capacities of
128 gigabytes or higher more than doubled quarter-on-quarter, the company
added, and demand for AI server solid-state drives with premium pricing also
expanded.
