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SK Hynix's quarterly revenue growth has more than doubled, benefiting from strong demand for AI computing power.
SK Hynix has announced that its second-quarter revenue has more than doubled, and that its capital expenditures for the year may exceed previous plans, possibly indicating that the global AI hardware spending spree could continue this year. SK Hynix is an important partner of Nvidia's AI computing chip. The company reported quarterly revenue of 16.4 trillion won ($11.9 billion), better than expected, with high-bandwidth storage chip revenue up more than 250%. Boosted by rising DRAM and NAND prices, operating profit for the three months ending in June also exceeded expectations, reaching 5.47tn won with an operating margin of 33%. SK Hynix said,
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It is reported that Nvidia will use Samsung's HBM 3 chip in its ai chips.
According to two sources who received notifications from Nvidia, Nvidia has informed its suppliers that it will begin integrating Samsung's fourth and fifth-generation high-bandwidth memory (HBM) chips, HBM3 and HBM3E, into its AI chips. HBM represents high-bandwidth memory, which is crucial for improving data processing speed, especially for AI applications that require a lot of computing power. Currently, there are only three main manufacturers of HBM: Samsung, SK Hynix, and Micron. The approval of Samsung's HBM3 chips by Nvidia comes at a time when Nvidia and other AI chipmakers are working hard to meet the demand of the Generative AI trend.
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