SK Hynix Inc., one of South Korea’s leading memory makers, has predicted that its market value will double within the next three years. CEO Kwak Noh-Jung believes that the company’s technological advancements and evolving strategies will drive this growth. SK Hynix became the second-most valuable company in South Korea in December, second only to Samsung Electronics Co.
The surge in demand for artificial intelligence (AI) gear has greatly benefited SK Hynix. The company’s high-bandwidth memory (HBM) is extensively used by Nvidia Corp.’s AI accelerators, giving SK Hynix an edge over its competitors. Kwak, speaking at the CES tech conference in Las Vegas, emphasized SK Hynix’s strong position as a clear leader in the HBM space.
Regarding production cuts that were implemented to counter a downturn in memory demand, Kwak stated that SK Hynix will adopt a flexible approach. Different strategies will be implemented for each product. Kwak mentioned the possibility of relaxing production cuts for DRAM in the first quarter, and for NAND past the first half of the year.
SK Hynix is set to report its holiday-quarter earnings later this month. In contrast, Samsung recently reported its sixth consecutive quarter of declining operating profit, suggesting that the anticipated rebound in demand is yet to fully materialize.
As SK Hynix pushes ahead with its technological advancements and strategic developments, its optimistic outlook for market growth appears likely to be realized. With the company’s strong position in the HBM space and the increasing demand for AI gear, SK Hynix is well-positioned to capitalize on future market opportunities.
The source of the article is from the blog radiohotmusic.it