SK Hynix Posts Record Quarter as AI Memory Demand Outpaces Supply
The South Korean chipmaker reported its first quarter above 100 trillion won in revenue and warned that memory supply will stay tight through 2030.
AfroEuropa Newsroom
AfroEuropa desk
SK Hynix reported record results for its third quarter, with revenue passing 100 trillion won for the first time. According to GSMArena, the company booked revenues of 104.6 trillion won for the period.
Profitability was equally strong. GSMArena reported operating profit of 83.3 trillion won and net profit of 39.8 trillion won, equivalent to an operating margin of 80% and a net margin of 38%. The company closed the quarter with cash and cash equivalents of 114.5 trillion won, an increase of 26.5 trillion won from the previous quarter, while borrowings fell to 15.8 trillion won.
Keep reading
Mausstudio Brings Custom 3D-Printed Gaming Mouse Design to Modders
Unskilled Design has introduced Mausstudio, a work-in-progress tool that lets users generate custom mouse shells for 3D printing around an existing PCB.
Other highlights
DTCC Launches Tokenisation Service for $30 Trillion in U.S. Securities
The Depository Trust & Clearing Corporation has gone live with a tokenisation platform spanning 34 securities, with JPMorgan, Citi and Morgan Stanley among 20 firms signed up.
Follow the story
One newsletter, two continents
The Bridge brings you the tech, startups, and leaders moving between Africa and Europe in one sharp email each morning. No spam, unsubscribe anytime.
