SK Hynix has recorded an “explosive” demand for AI memory, with the firm seeing record profits in this quarter, which are associated with orders from NVIDIA and other AI giants.
SK Hynix Becomes The Leading AI Memory Supplier In The Industry, Leaving No Room For Competition To Grow
SK Hynix has been at the very forefront when it comes to supplying HBM and other crucial components for the AI industry, and with the South Korean giant initially confined to a few customers, they have capitalized on market opportunities in a tremendous way, which has led to towards establishing a monopoly over the AI memory segment, giving competitors like Samsung no room. In their recent earnings, SK Hynix has reported a record operating profit, with the company witnessing its QoQ revenue growth by up to 94%, which are indeed astonishing numbers.
Based on a report by BNN Bloomberg, The South Korean memory maker has bagged an operating profit of 7.03 trillion won ($5.1 billion) in this quarter, with total revenue at 17.6 trillion won ($12.75 billion), and interestingly, this is almost double what the firm reported last quarter. The reason behind such massive growth is simply associated with the fact that competitors like Samsung Electronics and Micron are unable to grab the market spotlight, while SK Hynix is dominating the AI memory segment, particularly in HBM and DRAM sales.
Looking ahead, SK Hynix is expected to retain this lead in the memory markets, given that competitors are unable to see the market spotlights, and the firm’s next-gen memory processes, mainly…
Read full on Wccftech