SK Hynix profit jumps 632% as it says memory shortage will last to 2030
South Korean memory chip manufacturer SK Hynix announced third-quarter earnings showing operating profit of 83.3 trillion won (approximately $62 billion), a 632% increase year-over-year. Revenue reached 104.6 trillion won, marking the first time quarterly sales surpassed 100 trillion won. The company projects memory shortages will persist until 2030.
Key points
- Operating profit surged 632% year-over-year
- First quarterly revenue over 100 trillion won
- Memory shortage expected through 2030
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