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SK hynix Sets Profit Record, Accelerates HBM Packaging With New U.S. and Korea Projects

The memory maker says AI-fueled demand will keep supply tight for years.

Overview

  • SK hynix, which reported record first-quarter results Thursday, posted 52.58 trillion won in revenue and 37.61 trillion won in operating profit as AI memory prices surged.
  • The company has begun foundation work at its Indiana advanced-packaging site for AI memory, with mass production targeted for the second half of 2028.
  • In Cheongju, construction is starting on the 19 trillion won P&T7 packaging plant to lift output of high‑bandwidth memory, with completion targeted around 2027.
  • SK hynix said it has started mass production of a next‑generation memory module for Nvidia’s upcoming Vera Rubin processor, deepening a key supply relationship.
  • Executives flagged multi‑year shortages in high‑end memory and raised 2026 investment plans, including EUV tool purchases, because wafer and packaging capacity take several years to build.