AI Memory Boom Propels SK Hynix's Fastest Sales Growth Since 2010
- High-end memory, NAND rebound help chipmaker log record growth
- Firm is boosting AI chip supply, seeks clients beyond Nvidia
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SK Hynix Inc. said it expects a full recovery in the memory market, led by surging AI-related demand, and lifted its capital spending plans.
The leader in the high-bandwidth memory that power Nvidia Corp.’s AI accelerators declared it’s entered a rebound phase, after posting its fastest pace of revenue growth since 2010, and said it’s preparing bigger outlays to expand capacity of its leading-edge chips.