SK Hynix is making record profits due to the increasing demand for AI chips, particularly from Nvidia. This performance has propelled it past its competitor,

South Korean chipmaker SK Hynix generated record earnings to outpace rival Samsung for a second quarter in providing high-end memory products for the artificial intelligence boom.

SEOUL: South Korea's SK Hynix posted on Thursday (Jul 24) a record quarterly profit, driven by strong demand for advanced chips used in generative artificial intelligence chipsets and as some customers stockpiled semiconductors ahead of potential U.

Samsung Electronics is reportedly pushing back the mass production of its next-gen high-bandwidth memory (HBM) chips to 2026, signaling a more cautious rollout amid ongoing DRAM redesign efforts.

Kicks off HBM4 supply SK hynix is cranking up the memory arms race, confirming it’s building 24 Gb GDDR7 modules to give next-gen GPUs fatter VRAM buffers while lining up HBM4 for AI and HPC workloads.

SK Hynix is confident the boom in high-bandwidth memory chips is set to continue. That is good news not only for the South Korean company, but should also bolster its U.S. rival Micron Technology.

SEOUL, July 24 (Yonhap) -- South Korean chipmaking giant SK hynix Inc. said Thursday its second-quarter operating profit surpassed 9 trillion won (US$6.53 billion) for the first time, driven by booming demand for artificial intelligence (AI) chips, including high bandwidth memory (HBM).

SK hynix Inc. (or "the company", announced today that it has recorded 22.232 trillion won in revenues, 9.2129 trillion won in operating profit(with an operating margin of 41%), and 6.9962 trillion won in net profit(with a net margin of 31%) in the second quarter.