A person walks previous a brand of SK Hynix on the foyer of the corporate’s Bundang workplace in Seongnam on January 29, 2021.
Jung Yeon-Je | AFP | Getty Photographs
SK Hynix, one of many world’s largest reminiscence chipmakers, on Thursday stated second-quarter revenue hit its highest degree in 6 years because it maintains its management in superior reminiscence chips crucial for synthetic intelligence computing.
Listed below are SK Hynix’s second-quarter outcomes in contrast with LSEG SmartEstimate, which is weighted towards forecasts from analysts who’re extra constantly correct:
- Income: 16.42 trillion Korean received (about $11.86 billion), vs. 16.4 trillion Korean received
- Working revenue: 5.47 trillion Korean received, vs. 5.4 trillion Korean received
Working revenue within the June quarter hit its highest degree for the reason that second quarter of 2018, rebounding from a lack of 2.88 trillion received in the identical interval a yr in the past.
Income from April to June elevated 124.7% from 7.3 trillion received logged a yr in the past. This was the very best quarterly income ever within the agency’s historical past, based on LSEG information out there since 2009.
SK Hynix on Thursday stated {that a} steady rise in total costs of its reminiscence merchandise — due to sturdy demand for AI reminiscence together with high-bandwidth reminiscence — led to a 32% enhance in income in contrast with the earlier quarter.
The South Korean large provides high-bandwidth reminiscence chips catering to AI chipsets for firms like Nvidia.
“We count on tight HBM and reminiscence provide to persist till 2025 on a bottleneck in HBM manufacturing,” stated SK Kim of Daiwa Capital Markets in a June 12 notice.
“Accordingly, we count on a beneficial value setting to proceed and SK Hynix to file sturdy earnings in 2024-25, benefitting from its competitiveness in HBM for AI graphics processing unit and high-density enterprise SSD (eSSD) for AI-servers, resulting in a rerating of the inventory,” Kim stated.
Excessive-bandwidth reminiscence chip provides have been stretched due to explosive AI adoption fueled by massive language fashions akin to ChatGPT.
The AI increase is predicted to maintain provide of high-end reminiscence chips tight this yr, analysts have warned. SK Hynix and Micron in Might stated they’re out of high-bandwidth reminiscence chips for 2024, whereas the inventory for 2025 can be practically bought out.
Massive language fashions require a variety of high-performance reminiscence chips as such chips enable these fashions to recollect particulars from previous conversations and person preferences as a way to generate humanlike responses.
SK Hynix has principally led the high-bandwidth reminiscence chip market, having been the only provider of HBM3 chips to Nvidia earlier than rival Samsung reportedly cleared the checks for the usage of its HBM3 chips in Nvidia processors for the Chinese language market.
That is breaking information. Test again for updates.
