SK Hynix forecasts memory shortage through 2030 after profit jumps 632%
SK Hynix reported operating profit of 83.33 trillion won in the third quarter, up 632% year over year, and said memory supply is expected to remain below demand through 2030. The company says its DRAM and HBM production is effectively committed through 2029.
SK Hynix reported operating profit of 83.33 trillion won in the third quarter, a 632% increase from the same period a year earlier, according to Xataka. Revenue surpassed 100 trillion won for the first time, while its operating margin reached 79.7%. The company is one of the main suppliers of HBM memory for artificial-intelligence applications, alongside Samsung and Micron.
According to Tecnoblog, SK Hynix said long-term contracts with 14 major customers already cover more than 50% of its projected capacity for 2027 and 2028. Together with orders under negotiation, DRAM and HBM volumes are effectively sold out through 2029; the company forecasts supply will remain below demand through 2030. It also said HBM orders are more than twice its available capacity, a situation that could continue pushing up prices for computers, smartphones and TVs.
Why it matters · editorial interpretation
SK Hynix’s memory capacity is already largely committed through contracts and negotiations, while the company says HBM orders exceed its available capacity by more than twofold. If supply remains below demand through 2030, price pressure could reach devices such as computers, smartphones and TVs.