The company attributed its spectacular results to robust sales of premium products such as HBM and high-end NAND flash memory, including enterprise solid-state drives (eSSDs).“SK Hynix has solidified its position as the world’s No.1 AI memory company,” said Kim Woo-hyun, vice president and chief financial officer.“We will continue to maximize profitability while securing stable revenue by implementing flexible product and supply strategies in line with market demand.”HBM, A CASH COWHBM chips are the key source of revenue and profit for SK Hynix as the company has benefited the most from AI-driven appetite for high-end memory chips from the likes of Nvidia and Advanced Micro Devices Inc.(AMD)".
Q4 & 2025 OUTLOOKWhile memory demand for AI servers such as HBM and eSSD has grown noticeably this year, SK Hynix expects this trend to continue in the fourth quarter of this year and into 2025.“Generative AI is developing into a multi-modal form and global big tech companies continue to invest to develop artificial general intelligence, which will continue to drive up our earnings and sales,” it said.
SK Hynix Inc., the world’s second-largest memory chipmaker, on Thursday posted record quarterly profit and sales, driven by premium artificial intelligence memory products such as high-band memory (HBM), a key component of Nvidia Corp.’s AI chips.
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