SK hynix reported impressive earnings with a 102% increase in sales, reaching ₩66.19 trillion for 2024, alongside a significant operating profit. The surge is attributed to high demand for AI memory and HBM technology. Despite achieving record profits, fears surrounding trade protectionism and competition from Chinese firms caused a significant decline in share price. CFO Kim Woo-hyun expressed concerns about future demand and the potential impacts of geopolitical risks on the memory chip market, which is currently facing inventory adjustments from PC and smartphone companies.
"Uncertainties exist for the memory chip market this year as trade protectionism grows and geopolitical risks deepen, while PC and smartphone companies adjust inventories," Kim told analysts on its earnings call.
"SK hynix was first to mass production of 12-layer HBM3E products last year, getting in ahead of its rival memory industry giants Samsung and Micron Technology."
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