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SK Hynix’s revenue grew 20% year over year, operating profit up 38%

SK Hynix has published a report for the second quarter of this year. For the reporting period ended June 30, the South Korean semiconductor manufacturer generated $ 8.94 billion in revenue. This is 22% more than in the previous quarter and 20% more in annual terms.

The reported operating profit of $ 2.33 billion is 103% higher than reported in the first quarter of this year and 38% higher than a year ago.

SK Hynix’s revenue grew 20% year over year, operating profit up 38%

SK Hynix had a net profit of $ 1.72 billion in the second quarter of 2021. This is 100% more than in the first quarter. Compared to the second quarter of 2020, the growth is 57%.

According to the authors of the report, the growth of indicators was facilitated by a favorable market situation and an increase in sales of the share of products manufactured using advanced technological processes, which are more cost-effective. Such products, for example, include 128-layer NAND memory and DRAM memory, available at 1ynm and 1znm.

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