The memory chip market is expected to remain upbeat for a considerable time after the industry was resurrected by strong demand for high-performing memory chips such as high-bandwidth memory (HBM), said SK Hynix Inc.'s chief.“The memory chip market is expected to stay buoyant until the first half of next year,” SK Hynix Chief Executive Officer Kwak Noh-jung told the employees during the company’s town hall meeting on Wednesday.“HBM demand has helped the memory chip industry turn around,” added Kwak, hinting that the artificial intelligence boom-triggered high value-added memory chip demand will maintain the current upward memory trend for a while.
SK Hynix official later explained that Kwak meant the company must check the market condition and supply and demand balance first for the outlook, not an indication of his worry for a downturn in the second half of next year.SK Hynix reported 5.5 trillion won ($4.1 billion) in operating profit on record quarterly sales of 16.4 trillion won in the second quarter ended June this year.
Its quarterly operating profit exceeded 5 trillion won for the first time since 2018 during the so-called super cycle.Korea’s No.2 memory maker also boasted the best operating profit margin of 33% for the quarter, higher than 22.6% of Samsung Electronics’ semiconductor division.
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