SK Hynix CEO Expects AI Memory Boom to Double Company’s Value
- AI demand frenzy has lifted No. 2 memory maker’s shares
- Hynix has been Nvidia’s favored provider of HBM for AI chips
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SK Hynix Inc.’s market value is likely to double over the next three years as the company evolves and improves its technology, according to Chief Executive Officer Kwak Noh-Jung.
The memory maker became South Korea’s second-most valuable company in December, behind only arch-rival Samsung Electronics Co., as it benefited from the surge in demand for artificial intelligence gear. Nvidia Corp.’s gold-standard AI accelerators use SK Hynix’s high-bandwidth memory (HBM) extensively, giving it an edge on Samsung and American competitor Micron Technology Inc.