On Monday, January 27, 2014, the crystal door at the headquarters of SK Hynix Inc. in Seoul, South Korea, proudly displayed the company’s label. SK Hynix aims to establish a cutting-edge device packaging facility in the United States, with plans to kick off construction around the beginning of the following year.
Fueled by the increasing demand for high-end cards used in artificial intelligence and the rising requests from Chinese mobile users, South Korea’s SK Hynix unveiled its first quarterly earnings report in a year on Thursday.
As the world’s second-largest producer of memory chips, the company reported an operating profit of \(346 billion (approximately 259.77 million) for the period spanning from October to December. This marked a significant upturn from the \)1.9 trillion loss in the previous quarter and the $1.8 trillion in the third quarter.
According to the consensus of 23 analysts surveyed by LSEG SmartEstimate, the results aligned more with the forecasts of highly accurate experts rather than the prediction of a 192 billion won operating loss.
Subsequently, SK Hynix disclosed its operating income for the second quarter of 2022.
The revenue experienced a notable 47% year-on-year surge, reaching $11.3 trillion.
