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Industry

SK Hynix to overhaul long-term supply contracts to prioritise volumes over price

SK Hynix is reviewing a new structure for long-term supply agreements, saying customers increasingly view securing volumes as a key risk. The company reported record quarterly revenue and operating profit for the first quarter of 2026 and said shortages of HBM, server DRAM and enterprise SSDs may persist, extending a price upcycle. It will bring forward the start of its Yongin cluster Phase 1 fab and accelerate NAND transitions and next-generation product rollouts.

Industry

SK Hynix posts Q1 operating profit of 37.6 trillion won, up 405 percent year on year

SK Hynix said on Wednesday it posted first-quarter revenue of 52.6 trillion won and operating profit of 37.6 trillion won. Revenue rose 198 percent from a year earlier and operating profit jumped 405 percent, with an operating margin of 72 percent. Quarterly revenue topped 50 trillion won for the first time. The company cited strong demand supported by expanded AI infrastructure investment and higher sales of high value-added products.

Industry

Why SK Hynix is seeking a U.S. listing: \"We need to raise 100 trillion won to have a next step\"

SK Hynix expects the combined total of its disclosed capital spending plans to exceed 100 trillion won and has set securing more than 100 trillion won in net cash as a mid- to long-term goal. The company has formally begun procedures to list American depositary receipts in the United States, aiming for the second half of this year, with proceeds to fund memory investments. It is also accelerating capacity expansion amid rising demand for HBM.