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Nvidia supplier SK Hynix posts record profit, outshining Samsung in AI chip sales
The world’s second-biggest memory chip maker beat forecasts in its third-quarter earnings.
South Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as high bandwidth memory (HBM) ones used in generative artificial intelligence (AI) chipsets. That compared with a 6.8 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate. SK Hynix sees HBM sales making up 40 per cent of its total DRAM revenue in the fourth quarter, up from 30 per cent in the third quarter, and added it expects memory chip demand for AI servers to grow further next year as global tech companies continue developing generative AI.
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