SK hynix sees record-high performance in 2024 driven by HBM demand

SK hynix, the world's second-largest memory chipmaker has announced its highest-ever revenue and operating profit for 2024 driven by the strong demand for High Bandwidth Memory.

The company said Thursday that its revenue surpassed 66 trillion Korean won or around 46 billion U.S. dollars, marking a 102-percent increase compared to the previous year.

Operating profit turned positive, soaring to just over 16 billion U.S. dollars.

Last year's fourth quarter also saw a record-high operating profit of over 6 billion dollars.