SK Hynix says the memory-chip shortage will last until 2030—and more than half its production is booked for the next two years
Source: Fortune ·
SK Hynix generated $78.3 billion in quarterly revenue, its highest-ever quarterly total.
From the source
SK Hynix, the world’s second-largest memory chip maker, is warning that the global memory shortage could persist through 2030, putting more stress on electronics companies and data center operators who need these semiconductors. The South Korean company, which supplies high-bandwidth memory to Nvidia, generated 104.6 trillion Korean won ($78.1 billion) in quarterly revenue, its highest-ever quarterly total and a 32% increase from the previous quarter. Operating profit also hit a record 83.3 trillion won ($62.1 billion), a 38% jump quarter-on-quarter. The company attributed the performance to strong demand for advanced memory products, including high-bandwidth memory, or HBM, which is used alongside AI accelerators. The company has secured long-term agreements covering more than 50% of its production capacity for 2027 and 2028, according to its earnings presentation. The company plans to spend at least 40 trillion won ($30 billion) on capacity this year, up from roughly 30 trillion…