SK Hynix has achieved record quarterly results, driven by rising prices of high-performance products for artificial intelligence (AI) servers.
The company reported second-quarter revenue of 79.32 trillion won and an operating profit of 60.54 trillion won on July 29.
Compared to the same period last year, revenue and operating profit increased by 257% and 557%, respectively, surpassing 100 trillion won in revenue for the first half of the year.
SK Hynix stated, "Both DRAM and NAND flash recorded significant price increases compared to the previous quarter. We focused on high-value products such as high-bandwidth memory (HBM), DRAM for AI servers, and eSSD, which contributed to our highest profitability."
Cash assets rose by 33.6 trillion won from the previous quarter to reach 88 trillion won.
Debt decreased by 7 trillion won to 18.6 trillion won, resulting in net cash increasing to 69.4 trillion won.
SK Hynix assessed that its record profits and cash generation capabilities have significantly strengthened its financial position.
The company aims to maintain its global leadership in AI semiconductors by ensuring stable supply capabilities based on quality and high yield in the HBM sector, along with cost competitiveness.
* This article has been translated by AI.
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