SK hynix expected to post over $7 bil. in Q3 profit for 1st time: poll

Chip giant SK hynix is expected to post more than 10 trillion won ($7 billion) in operating profit for the third quarter for the first time in its history, a survey showed Sunday. According to a poll by Yonhap Infomax, SK hynix is forecast to record 24.5 trillion won in sales and 11.3 trillion won in operating profit for the July-September period. The figure would surpass the company's previous quarterly records of 22.2 trillion won in sales and 9.2 trillion won in operating profit set in the second quarter. It would mark the first time SK hynix has exceeded the 10 trillion-won milestone in quarterly operating profit since the company was acquired by SK Group in 2012. In Korea, only Samsung Electronics has achieved that level. SK hynix's record-breaking performance is attributed to rising global demand for high bandwidth memory (HBM) amid the artificial intelligence (AI) boom and higher prices of dynamic random access memory (DRAM) chips. "Sales of 12-layer HBM3E products, which account for more than 50 percent of SK hynix's HBM sales, along with solid prices for legacy memory chips, haveWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times