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SK Hynix |
[Alpha Biz= Reporter Kim Jisun] According to The Korea Economic Daily on the 26th, SK Hynix is planning to pursue a U.S. IPO for its subsidiary Solidigm to raise investment funds.
On the 25th, SK Hynix reported second-quarter earnings of 16.42 trillion won in revenue and 5.47 trillion won in operating profit. Revenue increased by 124.8% compared to the same quarter last year, and operating profit turned from a loss into a profit. The operating profit of over 5 trillion won marks a return to levels last seen during the semiconductor supercycle in Q3 2018, when it was 6.47 trillion won.
A major contributor to this performance is HBM (High Bandwidth Memory). SK Hynix's HBM revenue for Q2 was approximately 2.5 trillion won, up more than 80% from the previous quarter and over 250% year-on-year. This surge is attributed to the inclusion of SK Hynix's HBM3E 8-layer products in Nvidia's latest AI accelerator, "Blackwell." SK Hynix effectively dominates the HBM3E market with profit margins exceeding 50%.
In light of the surge in demand for eSSD (enterprise Solid State Drives) driven by the AI era and the need for large-scale data storage, SK Group is moving forward with plans to list Solidigm on the New York Stock Exchange.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
