Nvidia-supplier SK Hynix third-quarter profit jumps 62% to a record high on AI-fueled memory demand

South Korea's SK Hynix, 1 of the world's largest representation chipmakers, connected Wednesday posted grounds quarterly gross and profit, boosted by a beardown request for its precocious bandwidth representation utilized successful generative AI chipsets.

Here are SK Hynix's third-quarter results versus LSEG SmartEstimates, which are weighted toward forecasts from analysts who are much consistently accurate:

• Revenue: 24.45 trillion won ($17.13 billion) vs. 24.73 trillion won
• Operating profit: 11.38 trillion won vs. 11.39 trillion won

Revenue roseate astir 39% successful the September 4th compared with the aforesaid play a twelvemonth earlier, portion operating nett surged 62%, twelvemonth connected year.

SK Hynix makes representation chips that are utilized to store information and tin beryllium recovered successful everything from servers to user devices specified arsenic smartphones and laptops.

"As request crossed the representation conception has soared owed to customers' expanding investments successful AI infrastructure, SK Hynix erstwhile again surpassed the record-high show of the erstwhile 4th owed to accrued income of precocious value-added products," SK Hynix said successful its net release. 

The institution has benefited from a roar successful artificial quality arsenic a cardinal supplier of high-bandwidth representation oregon HBM chips utilized to powerfulness AI information halfway servers. 

HBM falls into the broader class of dynamic random entree memory, oregon DRAM — a benignant of semiconductor representation utilized to store information and programme codification that tin beryllium recovered successful PCs, workstations and servers.

SK Hynix has acceptable itself isolated successful the DRAM marketplace by getting an aboriginal pb successful HBM and establishing itself arsenic the main HBM supplier to the world's starring AI processor maker, Nvidia. 

However, its main competitors, U.S.-based Micron and South Korean-based tech elephantine Samsung, person been moving to drawback up successful the space.