SK hynix brushes aside questions on AI memory outlook

SK hynix brushed aside concerns over the outlook for memory chips used in artificial intelligence (AI) accelerators, stressing there is “no doubt” about the growth potential of high-bandwidth memory (HBM) and the company has already secured “visibility” for supplying the chips to major customers next year. The company announced Thursday that it posted 22.23 trillion won ($16.15 billion) in sales and 9.21 trillion won in operating profit for the second quarter of this year, setting a quarterly earnings record. Sales grew 35 percent and operating profit soared 68 percent from a year earlier, both beating the brokerage consensus of 20.72 trillion won in sales and 9.06 trillion won in operating profit. Operating profit margin stood at 41 percent. Thursday’s figures mark new quarterly highs, surpassing the previous records of 19.78 trillion won in sales and 8.08 trillion won in operating profit set in the fourth quarter of last year. The company attributed the strong performance to continued investment in AI by global tech giants, saying that demand for AI-specific HBM remained soliWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times