SK Hynix plans to double its wafer production capacity within five years, SK Group chairman Chey Tae-won disclosed to media on 6月2日 at Computex Taipei. The capacity expansion responds to sustained AI-driven demand for memory chips. Chey had warned in 3月 that global wafer shortages may persist until 2030.
Chey stated that SK needs to deepen collaboration in Taiwan beyond TSMC, the world's largest foundry. He expressed hope that SK Hynix would become a primary high-bandwidth memory (HBM) supplier for Nvidia's Vera Rubin computing system.
SK Hynix Holds 58% Global HBM Market Share in Q1
SK Hynix is one of three global memory chip giants and holds the largest HBM chip market share. According to Counterpoint data, SK Hynix captured 58% of the global HBM market in the first quarter as a core Nvidia HBM supplier, while Samsung and Micron each held 21% market share.
SK Hynix Market Cap Surpasses $1 Trillion
Driven by AI industry momentum, SK Hynix market capitalization exceeded $1 trillion for the first time 上周, joining Samsung Electronics and Micron Technology in reaching the trillion-dollar milestone. SK Hynix market cap stood just over $100 billion in mid-2023.
Due to sustained AI demand for memory chips, multiple institutions recently adopted PE (price-to-earnings) valuation methods for memory chipmakers. These institutions view memory chip valuation logic as shifting from traditional "cyclical stocks" to "AI computing infrastructure."
Goldman Sachs raised 2028 operating profit forecasts for two companies: SK Hynix profit projection increased 24% to 454 trillion won ($299.62 billion) and Samsung Electronics increased 23.3% to 610 trillion won, both benefiting from robust AI demand.
Chey Tae-won Meets Nvidia CEO Jensen Huang
According to Yonhap News Agency, Chey met with Nvidia CEO Jensen Huang on 1日 in Taipei to exchange views on future cooperation in AI memory. SK Group posted on official social media that the meeting of two company leaders coincided with SK Hynix surpassing $1 trillion market cap, marking a milestone moment.
SK Group stated the meeting provided an opportunity to review joint achievements in AI memory and reaffirmed commitment to opening a new chapter in AI infrastructure.
Huang is expected to visit South Korea later 本周. Prior to the visit, he identified "robotics technology" as a priority investment area with potential in South Korea.
According to industry sources, Huang is expected to arrive in Seoul on 4日晚间 and hold a series of meetings with major South Korean company executives on 5日. Expected attendees include Chey Tae-won, LG Group chairman Koo Kwang-mo, and NAVER founder Lee Hae-jin.
FAQ
What capacity expansion did SK Hynix announce on 6月2日?
SK Hynix plans to double its wafer production capacity within five years, as disclosed by SK Group chairman Chey Tae-won at Computex Taipei on 6月2日.
What is SK Hynix's current HBM market share?
According to Counterpoint data, SK Hynix held 58% of the global HBM market in the first quarter as a core Nvidia supplier, while Samsung and Micron each captured 21% market share.
When did Chey Tae-won meet with Nvidia CEO Jensen Huang?
Chey Tae-won met with Nvidia CEO Jensen Huang on 1日 in Taipei to discuss future cooperation in AI memory, according to Yonhap News Agency.
