Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»SK Hynix announces AI GPU chip fourth quarter profits and plans
ADOPTION NEWS

SK Hynix announces AI GPU chip fourth quarter profits and plans

By Crypto FlexsJanuary 25, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SK Hynix announces AI GPU chip fourth quarter profits and plans
Share
Facebook Twitter LinkedIn Pinterest Email

South Korea’s SK Hynix, the world’s second-largest memory chip manufacturer, announced a return to profit in the fourth quarter of 2023. The company recorded an operating profit of 346 billion won ($259.8 million), significantly exceeding market expectations of 192 billion won. We suffered an operating loss. This is in stark contrast to the deficit of 1.9 trillion won in the same quarter last year. The gain followed a 47% surge in sales driven by increased demand for AI-centric memory chips.

The company’s focus has shifted to advanced memory semiconductors, particularly those used in AI chipsets. SK Hynix’s advanced DRAM chips, such as high-bandwidth memory (HBM) chips, are in growing demand, especially in graphics processing units (GPUs) used to process large amounts of data in generative AI. An important achievement achieved by SK Hynix in 2023 was the development of the HBM3 chip ahead of its competitors. Sales of these chips increased more than five times compared to the previous year.

SK Hynix aims to mass produce HBM3E, the next HBM version, in the first half of 2024, and is also working on developing HBM4, the next-generation chip. The company’s technological leadership in AI memory was a critical factor in the turnaround. Analysts predict that HBM chips will account for 15% of industry-wide DRAM sales in 2024, up from 8% in 2023.

SK Hynix shares fell 2.6% in afternoon trading due to profit-taking by investors despite the positive earnings report. The company’s shares have surged 18% since reporting last quarter earnings, driven by a positive outlook for its AI memory chips. Nonetheless, chip prices are expected to improve in the broader market as customers restock and manufacturers continue to reduce legacy chip production.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025

The US government checks the economic data on the chain with 60% Pyth Rocket 60% Pyth Network.

August 28, 2025

GCL Subsidiary, 2Game Digital, Partners With KuCoin Pay To Accept Secure Crypto Payments In Real Time

August 28, 2025

Tether Announces Plan To Bring USD₮ To RGB, Advancing Native Stablecoins On Bitcoin And Lightning

August 28, 2025

Ether Leeum Game Football. Fun market caps increase 10 times within two weeks.

August 28, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

7 Legit Cloud Mining Platforms For Daily Bitcoin Income In 2025

August 27, 2025

The Market May Be Heading For A Correction, And BTC Miner Guaranteed Principal And Interest Contracts Will Drive The Cloud Mining Boom.

August 27, 2025

$MBG Token Supply Reduced By 4.86M In First Buyback And Burn By MultiBank Group

August 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin is under pressure with gold aiming to be the highest ever.

August 29, 2025

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Pudgy Penguins

August 28, 2025
Most Popular

OKX adjusts minimum order quantity for futures contracts

June 1, 2024

What is the Pyth network? A beginner’s guide to this Oracle protocol

November 24, 2023

Raydium Soars 50% in One Week: What’s Driving DEX’s Rally?

October 25, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.