While it expects its annual capital expenditure to be higher than planned earlier this year, executives said the company will closely monitor customer demand and market trends to maintain its financial soundness.“We were able to reduce our borrowings by 4.3 trillion won compared to the first quarter while continuing to make essential investments,” said Chief Financial Officer Kim Woo-hyun.“We will solidify our position as the AI chip leader based on a stable financial structure.”By Jeong-Soo Hwanghjs@hankyung.comIn-Soo Nam edited this article.
The company attributed its spectacular results to robust sales of its premium products for artificial intelligence, including high bandwidth memory (HBM) chips, and increased demand for high-end NAND flash memory chips.“HBM sales went up by over 80% compared to the previous quarter and over 250% from a year ago,” SK Hynix said in a statement.
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has made a significant turnaround in the second quarter with record quarterly sales and its highest operating profit in six years.
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