SK Hynix reported a record-breaking first-quarter operating profit. Earnings surged approximately 400% year-over-year.
High-bandwidth memory (HBM) chips for AI servers drove the historic results. The company's advanced HBM3E chips are essential for NVIDIA AI accelerators.
Production capacity for HBM chips is completely sold out for 2025 and 2026. This long-term visibility signals a structural shift in the historically cyclical memory market. Global AI infrastructure buildout is now the primary driver of profitability for key memory suppliers.