Kwak No-jung, CEO of SK Hynix, emphasized that the company is establishing a new growth foundation by expanding long-term supply contracts, which enhance visibility of medium- to long-term demand and ensure revenue stability.
In his closing remarks during the conference call for the third quarter earnings announcement on October 28, Kwak stated, "We have achieved record earnings for six consecutive quarters," adding, "What is noteworthy is that the business environment is changing."
He continued, "The trust we have built with customers through our technological competitiveness is leading to long-term contracts, which are increasing visibility of medium- to long-term demand and creating conditions for stable profitability. This indicates a different growth potential arising from changes in the industry structure."
Kwak noted, "The challenge ahead is to transform these changes into sustainable competitiveness," and emphasized the goal of becoming the partner of choice for customers by continuing to enhance memory competitiveness with next-generation products such as HBM.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.