Illustration of the Hynix Company SK logo seen on the screen of a smartphone.
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South Korea SK Hynix Thorsay’s day exceeded quarterly income and operational profits estimates, with the demand for their high -band memory offers used in generative artificial intelligence chips that remain robust.
Here are the results of the first SK Hynix Versus LSEG Smartstimates Quarter:
- Revenue: 17.64 billion won ($ 12.36 billion) compared to 17.26 billion wones
- Operating benefit: 7.44 billion won compared to 6.62 billion wones
The income increased approximately 42% in the quarter of March compared to the same period of the previous year, while the operational profits increased by 158%, year after year.
In a quarterly base, income fell 11%, while operational profits fell 8% of a higher record in the quarter of December.
The company warned that macroeconic uncertainties, including rates policy, have created demand volatility that will affect the second half of the year.
SK Hynix is a leader or dynamic random access supplier: a type of semiconductor memory found on PC, work stations and servers that are used to store data and program code.
In its gains launch, SK Hynix said that his profits from the first quarter demonstrated the impact of AI on the memory market, as well as the company’s leadership position.
The memory chips manufacturer expects Big Tech spending in AI to continue, with the expansion of the ecosystem that is promoted by the offers of open source AI models and the “sovereign projects” that fake the demand for memory.
SK Hynix has benefited from an boom in artificial intelligence servers such as a key provider of high bandwidth memory, or HBM, a type of dram used in artificial intelligence servers, customers such as the AI Darling Nvidia of the United States. Microns and Samsung electronics They are the other players in space.
A Counterpoint Research report earlier this month said SK Hynix had captured 70% of the HBM market for income participation in the first quarter.
This HBM domain helped him overcome Samsung in the General DRAM market for the first time, with a 36% global market share compared to 34% of Samsung, the report added.