In recent years, SK Hynix, a major South Korean semiconductor company, has continued to see steady growth in the memory market. Its technical capabilities and competitiveness are attracting significant attention. According to an article published on August 7, 2024, SK Hynix CEO Kwak Noh-jung expects memory demand to remain steady until early next year and emphasizes the need to monitor the situation thereafter.
Leadership in HBM Technology
SK Hynix holds a significant advantage over its competitors, particularly in the High Bandwidth Memory (HBM) sector. Recently, the company delivered 8-layer HBM3E products to NVIDIA and plans to supply 12-layer HBM3E products to its customers in the fourth quarter of this year. Furthermore, SK Hynix aims to launch the sixth-generation HBM4 12-layer products in the latter half of next year. These advancements reinforce SK Hynix’s leadership in the AI semiconductor market.
Business Strategy and Technological Competitiveness
SK Group Chairman Chey Tae-won has emphasized that AI is an inevitable trend and that only companies that seize opportunities in times of crisis can lead in technology. Chey highlighted the importance of securing technological competitiveness and developing next-generation products, stressing the need to remain steadfast during challenging times. This approach underpins SK Hynix’s continued growth.
Global Expansion and Support
SK Hynix is planning to establish a new semiconductor packaging production base in Indiana, USA. The U.S. Department of Commerce has decided to provide up to $450 million in subsidies for this project, which will enable SK Hynix to further enhance its technological development and production capacity.
Achievements and Future Outlook
In the second quarter of 2024, SK Hynix achieved an operating profit of 5.4685 trillion won, with sales reaching a record high of 16.4233 trillion won. This indicates a return of the memory market’s super cycle, previously seen in 2018, and supports the company’s sustainable growth.
CEO Kwak has expressed optimism about the future of the memory market, committing to proactive innovation and market expansion. SK Hynix’s developments will continue to be closely watched.
Conclusion
SK Hynix’s technological capabilities and business strategy have enabled it to achieve steady growth in the memory market. The company’s proactive investment and development in AI and next-generation memory technologies are key drivers of its leadership position. Moving forward, we will continue to follow SK Hynix’s challenges and achievements with great interest.
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