SEOUL (Reuters) -South Korea’s SK Hynix on Thursday posted a report quarterly revenue because the Nvidia provider noticed robust gross sales of its superior chips corresponding to excessive bandwidth reminiscence (HBM) ones utilized in generative AI chipsets.
The world’s second-biggest reminiscence chipmaker reported a 7 trillion received ($5.07 billion) working revenue for the July-September quarter versus a 1.8 trillion received loss a 12 months earlier.
That in contrast with a 6.8 trillion received common forecast by LSEG SmartEstimate, which is weighted towards analysts who’re extra constantly correct.
SK Hynix has outperformed rivals Samsung Electronics and Micron Expertise in latest quarters, because it has benefited essentially the most from AI-driven urge for food for high-end reminiscence chips following its early entry and huge investments in HBM chip growth.
“HBM gross sales confirmed wonderful development, up greater than 70% from the earlier quarter and greater than 330% from the identical interval final 12 months,” SK Hynix mentioned in a press release.
SK Hynix sees HBM gross sales making up 40% of its whole DRAM income within the fourth quarter, up from 30% within the third quarter, and added it expects reminiscence chip demand for AI servers to develop additional subsequent 12 months as world tech firms proceed creating generative AI.
Income for the quarter rose 94% year-on-year to 17.6 trillion received.
SK Hynix shares have jumped 38.5% to date this 12 months, outperforming Samsung, whose shares has slumped 24.7% over the identical interval.
Final month, SK Hynix, the primary provider of HBM chips to Nvidia, mentioned it had began mass manufacturing of HBM3E 12-layer chips and plans to produce the newest merchandise to unidentified clients by the top of this 12 months.
Its larger rival Samsung earlier this month warned its third-quarter revenue would are available in beneath market expectations and apologised for the disappointing efficiency, acknowledging its battle to make headway in supplying high-end chips.
($1 = 1,379.9600 received)
(Reporting by Heekyong Yang and Joyce Lee; Enhancing by Muralikumar Anantharaman and Sonali Paul)
