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SK Hynix lifts operating profit by 632% and warns memory shortage will last until 2030

TechnologyInternationalXataka40 s readAI summary
Image: Xataka

SK Hynix posted the best quarter in its history: operating profit from July to September reached 83.33 trillion won (about 55.61 billion euros), up 632% year on year, and revenue topped 100 trillion won in a single quarter for the first time. Operating margin hit a record 79.7%. The company, the leader in HBM memory and a supplier to Nvidia, says its DRAM and HBM output is practically sold out through 2029 and expects the shortage to last until 2030.

In 40 seconds

  • Operating profit of 83.33 trillion won (about 55.61 billion euros), up 632% from a year earlier
  • Revenue above 100 trillion won in a quarter for the first time and a record 79.7% operating margin
  • Net profit fell nearly 58% from the previous quarter, which was boosted by a rally in Kioxia shares
Read the full story at Xataka

IASummary generated by artificial intelligence from a story by Xataka. It may contain errors: the original source prevails.

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