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SK
hynix's U.S. sales make up over 70 pct in Q1 on rising AI demand
By Kim Boram, Yonhap News Agency - Chip giant SK hHynixInc. has reported that its U.S. sales accounted for over 70 percent of its total revenue in the first quarter on rising demand for premium high bandwidth memory (HBM) chips from major U.S. tech companies.
According to the
company's financial report released Thursday, revenues in the United States
totaled 12.8 trillion won (US$9.1 billion) in the first quarter, representing
72 percent of the company's total quarterly sales of 17.6 trillion won.
Its U.S. sales amounted
to 6.3 trillion won a year ago, accounting for a 50 percent portion.
The sharp rise is
attributable to increasing sales of artificial intelligence (AI) products,
including HBM and enterprise solid state drives (eSSDs), in the U.S.
SK hynix, a global
leader in the HBM market, has already sold out this year's HBM production,
supplying its 12-layer HBM3E product to major customers, including Nvidia Corp.
Meanwhile, sales in
China dropped to 2.7 trillion won, accounting for 15 percent of quarterly
revenue, down from 18 percent in the same period last year.
