SK海力士回击高盛，直言HBM前景光明

Core Viewpoint - SK Hynix remains optimistic about the future demand for High Bandwidth Memory (HBM), despite recent downgrades from investment banks due to increased competition in the HBM market [1][2]. Financial Performance - In Q2, SK Hynix reported a revenue increase of 35.4% year-on-year, reaching 22.232 trillion KRW, and an operating profit increase of 68.5% to 9.2129 trillion KRW, achieving an operating margin of 41% [1]. - The Q2 results surpassed both the previous quarter's records and the average forecasts from financial analysts [1]. Market Demand and Strategy - The company highlighted a steady growth in demand for AI memory driven by significant investments from major tech companies and the expansion of AI applications [2][4]. - SK Hynix anticipates that the shift towards customized HBM will be beneficial, allowing memory manufacturers to maintain a competitive edge despite increasing competition [2][3]. Production and Investment Plans - SK Hynix plans to increase capital expenditures to meet the rising demand for HBM, with a projected investment of around 20 trillion KRW this year, marking a significant increase from previous years [6][7]. - The company is expanding its production capacity for HBM, with plans to utilize its facilities in Cheongju and continue investments in global production bases [6]. Product Development - SK Hynix is advancing its product line, including the delivery of samples for the sixth generation HBM4 and the development of customized AI chips [3][4]. - The company is also preparing to launch GDDR7 products, expanding memory capacity from 16Gb to 24Gb [3]. Competitive Position - The company asserts that it has established a strong position in the HBM market, benefiting from its customer-oriented culture and collaborative spirit [3]. - SK Hynix has ensured supply predictability for its HBM business, particularly for major clients like NVIDIA, indicating a strong demand outlook [3].