SK海力士：DRAM利润率直逼70%

Core Viewpoint - The article discusses the significant increase in profitability for SK Hynix's DRAM business, with operating profit margins expected to exceed 70% due to rising demand and supply shortages in the DRAM market [2][3]. Group 1: Market Dynamics - The price of commodity DRAM is expected to continue rising due to ongoing supply shortages, with SK Hynix's operating profit margin projected to surpass 70%, marking the first time in nearly 30 years since the semiconductor market boom in 1995 [2][3]. - Analysts predict that if the strong pricing trend continues into the first quarter of next year, the operating profit margin for general DRAM could also exceed 70% [3]. Group 2: Production Capacity and Supply Constraints - SK Hynix has confirmed that its DRAM production capacity is primarily focused on high-bandwidth memory (HBM), leading to limited supply for general DRAM, which is already sold out for the upcoming year [3][4]. - The expansion plans of competitors like Samsung and Micron are not expected to meet the surging demand, contributing to a structural supply shortage in the DRAM market [3][4]. Group 3: Financial Projections - Financial data indicates that SK Hynix's operating profit forecast for next year has been raised by approximately 36% to 68.7301 trillion Korean won [4]. - The shift in the semiconductor business model from bulk production to securing supply through pre-signed contracts has improved the visibility of profitability [4].