Nvidia supplier SK Hynix sees no AI chip oversupply as profit soars to record

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SEOUL :South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its advanced chips, and said demand for high-bandwidth memory (HBM) chips would continue to outpace supply next year.

The chipmaker plans to increase capital spending to the mid-to-high 10 trillion won range to help respond to higher-than-expected HBM demand, with a slight increase expected in 2025, CFO Kim Woo Hyun said.

SK Hynix said HBM sales showed strong growth, up more than 70 per cent from the previous quarter.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth KoreaTaiwan

Topics: Memory Profit Year Quarter Hynix Demand Chips Cent Sales Samsung Trillion

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 07:07:18 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 598 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23220920

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