SK Hynix Posts 328 Percent Revenue Jump, Forecasts Memory Demand Above Supply Through 2030
SK Hynix expects memory demand to outpace supply through 2030 after record third quarter revenue of 104.6 trillion won, up 328 percent, and operating profit of 83.3 trillion won, up 632 percent. More than half its 2027 and 2028 capacity is committed. Micron rose 5.86 percent and SanDisk gained 7.66 percent on Wednesday, then slipped in premarket Thursday.