SK Hynix is a major supplier of high-bandwidth memory (HBM) required for Nvidia’s AI solutions. HBM’s stacked design provides the high speed required for AI data processing. The growing popularity of AI services like ChatGPT is driving the need for powerful servers equipped with these memory chips.
This trend is not limited to SK Hynix. Rival Samsung also expects profits to rise by 900% in the same quarter, indicating a general boom in demand for memory chips. SK Hynix is seeing growth in sales of AI server products and a revival in its NAND business due to strong demand for premium embedded SSDs.
SK Hynix plans to strengthen its position in the AI market by attracting new customers with its future launch of HBM3E memory and focusing on high-end server-oriented DRAM products such as DDR5.
Source: Ferra
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