SK Hynix fourth-quarter benefit soars to a listing grand, beating expectancies on AI increase

South Korea’s SK Hynix, some of the international’s greatest reminiscence chipmakers, posted listing quarterly profits on Thursday, supported via robust gross sales of grand bandwidth reminiscence (HBM) impaired in generative AI.

Listed here are SK Hynix’s fourth-quarter effects when put next with LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra constantly correct:

• Income: 19.77 trillion gained ($13.7 billion) vs. 19.91 trillion gained
• Working benefit: 8.08 trillion gained ($5.6 billion) vs. 8.02 trillion gained

Working benefit within the October-December quarter grew 15% era over era to any other record-high, as did income, which rose 12%. 

The South Korean chipmaker has benefitted from a increase in synthetic prudence servers and is a key provider to Nvidia.

“SK Hynix emphasized that with prolonged strong demand for AI memory, the company achieved [an] all-time high result through world-leading HBM technology and profitability-oriented operation,” the corporate stated in its earnings release. 

HBM is one of those dynamic random get admission to reminiscence, or DRAM, by which chips are vertically stacked to avoid wasting territory and let fall energy intake. The era is frequently impaired in merchandise equivalent to computers and PCs. 

SK Hynix, Micron Era and Samsung Electronics are the 3 govern producers of HBM chips.

The robust fourth-quarter numbers conclude a era that noticed the corporate achieve listing every year income, exceeding the former grand in 2022 via over 21 trillion gained.

In the meantime, working benefit, beat a listing eager in 2018 all over a “super boom” within the semiconductor business.