The memory chip market is expected to remain upbeat for some time after the industry was resurrected by robust 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 CEO Kwak Noh-jung told employees at a company town hall meeting on Wednesday.“HBM demand has helped the memory chip industry turn around,” added Kwak, hinting that the AI boom-triggered demand for high-value-added memory chips will maintain the current upward trend for a while.
An SK Hynix official later clarified that Kwak meant the company must study market conditions and supply and demand balance to gauge an outlook; it was not an indication of concern about 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 ending in 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 its best operating profit margin of 33% for the quarter, higher than the 22.6% notched by Samsung Electronics’ semiconductor division.
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