DRAM chip manufacturer SK Hynix reports record profit

SK Hynix is the second largest DRAM chip manufacturer, with a quarter of the worldwide market. (Source: SK Hynix)
SK Hynix is the second largest DRAM chip manufacturer, with a quarter of the worldwide market. (Source: SK Hynix)
After recording a record profit in the first quarter of 2017, SK Hynix has broken that record by reporting a second consecutive record profit. Operating profit increased by 24% and net profit by 30% between the first and second quarters.
Craig Ward,

SK Hynix, the second largest manufacturer of memory chips for DRAM and fifth for NAND flash worldwide, has reported another record breaking quarter for both operating profit and net profit. The previous record quarter for the company was for the first three months of 2017, showing that SK Hynix has been able to capitalize on the increasing industry prices for their core products.

Comparing the first quarter and second quarter this year, sales of DRAM chips increased by 3%, while average selling price grew by 11%. NAND flash sales declined by 6%, but this was offset by the average sale price which increased by 8%. The combined performance of these products leads to an increase in operating profit of 24%, and net profit by 30% - again comparing the first and second quarters of this year.

SK Hynix is attributing the DRAM performance to growth in the server industry, and presumably the higher demand for large capacity RAM modules. The decrease in NAND flash sales is attributed to sluggish growth in the smartphone market.

There is potential for more record breaking quarters for the company, as they plan to enter full production of LPDDR4X and 72-layer 3D NAND in the last half of 2017.


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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2017 07 > DRAM chip manufacturer SK Hynix reports record profit
Craig Ward, 2017-07-25 (Update: 2017-07-25)
Craig Ward
Craig Ward - News Editor
I grew up in a family surrounded by technology, starting with my father loading up games for me on a Commodore 64, and later on a 486. In the late 90's and early 00's I started learning how to tinker with Windows, while also playing around with Linux distributions, both of which gave me an interest for learning how to make software do what you want it to do, and modifying settings that aren't normally user accessible. After this I started building my own computers, and tearing laptops apart, which gave me an insight into hardware and how it works in a complete system. Now keeping up with the latest in hardware and software news is a passion of mine.