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SK hynix hits $46b revenue on AI-driven chip demand
SK hynix reported annual revenue of 66.19 trillion won (US$46.06 billion) for 2024, nearly doubling its 2023 revenu of 32.77 trillion won (US$22.81 billion).
The South Korean chipmaker achieved an operating profit of 23.47 trillion won (US$16.33 billion), recovering from a loss of 7.73 trillion won (US$5.38 billion) in the previous year.
Strong demand for high-bandwidth memory (HBM) chips, essential for AI applications, drove this performance. HBM memory accounted for over 40% of SK hynix’s DRAM revenue in 2024.
The company expects HBM sales to more than double in 2025 and plans to begin mass production of 12-layer HBM4 chips by the end of the year.
SK hynix emphasized its focus on high-value memory products and its collaboration with TSMC to sustain growth, despite competition from Samsung and Micron.
Recent SK hynix developments
| Timeline |
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22-Jan-2025 🧠 Samsung, SK hynix may shift production over US tariffs
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10-Jan-2025 🤝 SK Telecom, SK hynix, Penguin partner on AI data centers
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20-Dec-2024 💼 SK Hynix gets $458m US grant for AI chip plant in Indiana
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28-Nov-2024 💰 SK Hynix announces $2.1b dividend hike
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| 24-Oct-2024 📈 SK Hynix profits $5b from AI memory demand |
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