Breaking News

COLORFUL Introduces iGame Shadow II Series DDR5 Memory TerraMaster Launches D1 SSD Plus ASUS Announces Late-August Availability of ProArt Display 6K PA32QCV ASRock Announces Exciting New AMD X870E motherboards ASUSTOR 30 TB Ironwolf Pro Now Officially Supported

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

SK hynix Reports Record Q2 Results on Strong Chip Sales

SK hynix Reports Record Q2 Results on Strong Chip Sales

Enterprise & IT Jul 25,2017 0

South Korean chipmaker SK hynix Inc. said Tuesday its second-quarter net profit shot up nearly ninefold, helped by a strong average sales price of dynamic random-access memory (DRAM) and NAND chips.

The record-breaking net profit came to 2.46 trillion won (US$2.2 billion), soaring from 286 billion won a year earlier, the company said.

Operating profit also advanced 573.7 percent over the cited period to reach a record 3.05 trillion won.

SK hynix said the performance is attributable to the favorable market conditions coupled with the rising price of chips.

The company said its shipment and average sales price of DRAM chips advanced 3 percent and 11 percent, respectively, from the previous quarter on the back of expanded sales of server DRAM products.

While the shipment of NAND flash edged down 6 percent on-quarter on slowed demand of smartphones, SK hynix said the average sales price still moved up 8 percent over the cited period.

The company said it expects to rake in strong earnings in the second half of 2017 on the back of server DRAM products and the release of new smartphones.

SK hynix, meanwhile, said it plans to expand the production of DRAM and NAND flash this year to meet the rising global demand. The chipmaker will bolster 3D manufacturing, expecting greater demand for high memory storage to power multi-functional smartphones.

The company will expand facility in both DRAM and flash by the end of the year and also plans to speed up construction of new facilities in Wuxi, China, and Cheongju in Korea to have them completed by the fourth quarter of 2018 instead of the original plan of the first quarter in 2019.

It plans to expand the mass production of the high-end mobile LPDDR4X and also start mass producing 1Xnm DRAM in the second half as planned. It will also begin manufacturing 3D NAND flash in full scale from the new M14 fab and supply mobile solutions and client solid state drives (cSSDs) in 72-layer 3D NAND by the end of the year, followed by enterprise solid state drives (eSSDs) next year.

Tags: SK Hynix
Previous Post
Microsoft Paint isn't Dead Yet
Next Post
Alphabet Earns More Cash Despite Antitrust Fine

Related Posts

  • SK hynix develops ‘PS1012 U.2’, High Capacity SSD for AI Data Centers

  • SK hynix Begins Volume Production of the World’s First 12-Layer HBM3E

  • SK hynix Develops PEB110 E1.S for Data Centers

  • SK hynix Develops Industry’s First 1c DDR5

  • SK hynix Presents Extensive AI Memory Lineup at Expanded FMS 2024

  • SK hynix Enhances Leadership in Graphics Memory With Introduction of Industry’s Best GDDR7

  • SK hynix Develops PCB01 for Artificial Intelligence PCs

  • SK hynix Showcases Power of Its Groundbreaking AI Memory Solutions at HPE Discover 2024

Latest News

COLORFUL Introduces iGame Shadow II Series DDR5 Memory
PC components

COLORFUL Introduces iGame Shadow II Series DDR5 Memory

TerraMaster Launches D1 SSD Plus
PC components

TerraMaster Launches D1 SSD Plus

ASUS Announces Late-August Availability of ProArt Display 6K PA32QCV
Enterprise & IT

ASUS Announces Late-August Availability of ProArt Display 6K PA32QCV

ASRock Announces Exciting New AMD X870E motherboards
PC components

ASRock Announces Exciting New AMD X870E motherboards

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported
Enterprise & IT

ASUSTOR 30 TB Ironwolf Pro Now Officially Supported

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed