SK Hynix Posts Record Quarter as AI Memory Demand Outpaces Supply
The South Korean chipmaker reported its first quarter above 100 trillion won in revenue and warned that memory supply will stay tight through 2030.
AfroEuropa Newsroom
AfroEuropa desk
SK Hynix reported record results for its third quarter, with revenue passing 100 trillion won for the first time. According to GSMArena, the company booked revenues of 104.6 trillion won for the period.
Profitability was equally strong. GSMArena reported operating profit of 83.3 trillion won and net profit of 39.8 trillion won, equivalent to an operating margin of 80% and a net margin of 38%. The company closed the quarter with cash and cash equivalents of 114.5 trillion won, an increase of 26.5 trillion won from the previous quarter, while borrowings fell to 15.8 trillion won.
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