Aju Business Daily

SEOUL -- SK hynix vowed to step up microchip production in the second half of this year despite concern about a fall in NAND flash products, saying U.S. and Chinese data-center companies would increase their investment in servers.

SK hynix said in a regulatory filing Thursday that its net profit in the April-June period soared to a quarterly record high of 4.3 trillion won ($3.8 billion) from 2.4 trillion won a year earlier. Operating profit jumped 83 percent on-year to 5.5 trillion won and sales were up 55 percent to 10.3 trillion won.

The company attributed its good performance to strong demand for dynamic random-access memory (DRAM) and NAND flash products.

In the second half, SK hynix predicted that demand for server DRAMs would remain strong with sales to be supported by seasonal demand for mobile devices. Smartphones will continue to have a higher capacity of DRAMs as displays, cameras and memory capacity become important considerations for consumers, it said, adding game-related DRAM demand will also boost demand.