SK hynix Q3 operating profit reaches $7.93 bil.

SK hynix set a new quarterly earnings record in the third quarter, powered by strong artificial intelligence (AI) chip sales and higher memory prices. The company said Wednesday that its sales and operating profit for the July-to-September period stood at 24.45 trillion won ($17.04 billion) and 11.38 trillion won, respectively. This marks a new quarterly earnings record for the chipmaker, driven by rising prices of DRAM and NAND flash memory and increased shipments of high-performance products for AI servers, such as high-bandwidth memory (HBM). “Due to expansions in AI infrastructure, overall demand for memory chips has sharply increased,” the company said. “Sales of 12-high HBM3E chips, Double Data Rate 5 (DDR5) DRAMs for servers and other high-value products have grown, allowing us to surpass the previous quarter’s record-high earnings once again.” In particular, shipments of server DDR5 products with capacities exceeding 128 gigabytes more than doubled from the previous quarter, the company said, adding that the sales mix of high-value enterprise SSDs for AI servers also imWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times