SK Hynix profit tops forecast Samsung results, but shares dip on demand outlook
South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.
SK hynix expects to surpass Samsung Electronics in operating profit this year
SK hynix is estimated to have surpassed Samsung Electronics' Device Solutions (DS·semiconductor) division operating profit, recording the largest results ever last year. Securities firms projected that SK hynix's operating profit will further increase this year, not lagging behind Samsung Electronics' entire institutional sector.
SK Hynix profits beat Samsung’s for first time on AI boom
Chipmaker SK Hynix overtook its larger rival Samsung on quarterly profit for the first time, with its lead in advanced memory chips producing robust sales that it expects to double this year as a boom in artificial intelligence data centres continues.
As Samsung Electronics (Samsung) attempts to reshape the global memory market through its sixth-generation high bandwidth ...
SK hynix posted multiple record highs in its 2024 earnings, boosted by the robust sales of its high-bandwidth memory (HBM) ...
Before the result, SK Hynix shares had jumped about 30 per cent so far this year on bullish sentiment driven by its business discussions with Nvidia, outperforming Samsung, whose shares rose 2 ...
Chosun Biz and ICSmart report that Samsung Electronics plans to reduce NAND wafer production at its Xi'an factory in China by ...
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SK Hynix Closes the Book on a Banner Year for High-Bandwidth MemoryThe company’s Q4 revenue increased by 12%, and its operating profit rose by 15%, making for its best quarter ever, SK Hynix ...
The result compared with an 8 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are ...
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