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.
