SK hynix Inc. (KRX: 000660) is the world's second-largest memory chip manufacturer and a leading supplier of semiconductors.
SK hynix produces dynamic random access memory (DRAM) chips, NAND flash memory chips, and CMOS image sensors (CIS) for a wide range of global customers. The company has four production sites in South Korea and China, sales subsidiaries in ten countries, and research and development centers in Italy, the US, Taiwan, and Belarus. SK hynix was founded in 1983 and is headquartered in Icheon, South Korea.
SK hynix's main products and services include:
DRAM chips for servers, PCs, and mobile devices
NAND flash memory for solid-state drives (SSDs) and mobile storage
High Bandwidth Memory (HBM) for artificial intelligence and high-performance computing
CMOS image sensors for mobile devices and automobiles
Memory solutions for data centers and enterprise storage systems
SK hynix has been making significant investments to expand its production capacity and develop next-generation memory technologies. In April 2024, the company announced plans to invest USD 3.87 billion to build an advanced packaging facility for AI products in Indiana, US. SK hynix is also constructing the Yongin Semiconductor Cluster in South Korea, with an investment of KRW 120 trillion (approximately USD 90 billion) to build four state-of-the-art fabs.
The company has been benefiting from the growing demand for AI-related memory chips. In Q4 2023, SK hynix reported its first quarterly operating profit in a year, with revenues of KRW 11.31 trillion (USD 8.6 billion) and an operating profit of KRW 346 billion (USD 263 million). The company expects strong growth in high-bandwidth memory (HBM) chips used in AI applications, with HBM revenue projected to grow by 300% year-on-year in 2024.
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