South Korean company SK Hynix, the main supplier of high-bandwidth memory for NVIDIA, plans to allocate more capital to increase capacity next year, racing to expand production to capitalize on unprecedented spending led by industry leaders like OpenAI and Meta Platforms. SK Hynix will begin supplying next-generation HBM4 memory components to customers this quarter and fully transition to sales in 2026. The company announced a 62% increase in profits and the full sale of memory chips for the next year, highlighting the strength of demand driven by the development of global artificial intelligence infrastructure.
SK Hynix Reports 62% Profit Jump on AI Memory Demand
South Korean chipmaker SK Hynix plans to invest in production expansion to meet growing demand for high-speed memory for AI, driven by companies like OpenAI and Meta.