SK Hynix’s turnaround gains traction from US, China

Quick Summary:

The top AI chip supplier of Nvidia Corp., which controls 80% of AI chips, saw its US sales nearly triple to 15.98 trillion won ($11.8 billion) in the first half of this year, compared with 5.47 trillion won in the year prior, according to its half-year financial reports published last week.The US accounted for 55.4% of SK Hynix's 28.85 trillion won sales recorded in the first six months of this year, more than double the previous year's 12.39 trillion won.In China, it raked in 8.61 trillion won in sales in the first half of this year, more than twice the prior year's 3.88 trillion won.

In the first half of this year, SK Hynix’s DRAM sales expanded by more than 10 trillion won on-year to 18.19 trillion won, led by next-generation memory double data rate 5 (DDR 5) and HBM.

SK Hynix Inc., the world’s No.2 memory chipmaker, has made a significant business turnaround in the US and China, which made up 80% of its sales, as the buoyant AI chip demand drove the prices of high-performing chips such as high-bandwidth memory (HBM) and NAND flash higher.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: Economy

Markets: South KoreaChina

Topics: Hynix Trillion Year Sales Memory Prior China Made Chip First Chips

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-18 @ 12:52:47 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Korea Economic Daily

News ID: 22121957

View Article Analysis

About Korea Economic Daily

Main Topics: Economy

Official Website: kedglobal.com

Update Frequency: 2 posts per day

Year Established: 1964

Headquarters: South Korea

News Last Updated: 4 hours ago

Coverage Areas: South Korea

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #91

Publisher Details

Frequently Asked Questions