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SK Hynix emblem displayed on a telephone display screen, as seen on this illustration picture taken in Krakow, Poland on January 30, 2023.
Jakub Porzycki | Nurfoto | Getty Photos
That of South Korea SK Hynixone of many world’s largest reminiscence chip makers, posted a document quarterly revenue on Thursday, boosted by sturdy demand for its high-bandwidth reminiscence (HBM) utilized in generative AI.
Listed below are SK Hynix’s third quarter outcomes, in comparison with LSEG SmartEstimate, which is weighted by analyst forecasts which can be extra persistently correct:
Income: 17.57 trillion gained ($12.7 billion) vs. 18.11 trillion gained Working revenue: 7.03 trillion gained ($5.08 billion) vs. 6.8 trillion gained
Company revenue reached its highest stage within the July-September quarter, recovering from a 1.8 trillion gained loss throughout the identical interval final 12 months.
Quarterly income grew about 94% year-on-year from 9.1 trillion gained.
The South Korean chip large is a serious provider to Nvidia and has benefited from a growth in synthetic intelligence servers.
SK Hynix stated in his launch of revenue On Thursday, demand for AI reminiscence, particularly from information middle prospects, remained sturdy within the third quarter, serving to it increase gross sales of premium merchandise similar to HBM and eSSD, a core part of AI chips.
HBM is a sort of dynamic random-access reminiscence often called DRAM, the place chips are stacked vertically to avoid wasting area and scale back energy consumption. SK Hynix, Micron Know-how and Samsung Electronics are the three foremost producers of HBM chips.
Gross sales of HBM merchandise elevated greater than 70% from the earlier quarter and greater than 3 times the identical interval final 12 months, and the corporate expects continued development.
“Whereas demand for reminiscence for AI servers similar to HBM and eSSD has grown noticeably this 12 months, the corporate predicts this pattern will proceed subsequent 12 months,” the corporate stated in an announcement press launch.
The corporate stated this final month it has began mass manufacturing of the most recent model of HBM chips and goals for supply by the tip of the 12 months.
SK Hynix recorded a slight decline of 0.41% on Thursday.
This can be a breaking information story. Examine again later for updates.
Nvidia provider SK Hynix posts document quarterly revenue as AI drives demand
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