Update
SK Hynix Reports Record Revenue and Projected Memory Supply Constraints
SK Hynix, a South Korean memory chip maker, reported record third-quarter results with revenue of 104.6 trillion won (almost $78 billion) and operating profit of 83.3 trillion won ($65.5 billion). The company's quarterly sales topped 100 trillion won ($74.5 billion) for the first time. Analysts expected operating profit of 77.5 trillion won. Demand for memory will continue to outstrip supply through 2030, with DRAM and HBM volumes through 2029 effectively sold out. SK Hynix anticipates a supply-demand imbalance persisting through 2030 due to the complexities of implementing leading-edge processes and the lead times required to construct new production facilities.