SK Hynix posts record profit, expands AI memory capacity and sees massive stock rally
SK Hynix reported a second‑quarter operating profit of 60.54 trillion won, a 557 % year‑on‑year increase, with revenue reaching 79.3 trillion won and an operating margin of 76 %. The company holds about 58 % of the global high‑bandwidth memory (HBM) market, with roughly 65 % of its sales coming from the United States. It announced an accelerated build‑out of its advanced packaging facility P&T7 in Cheongju, Korea, to boost AI‑focused memory production.
Following the earnings release, SK Hynix shares surged 29.95 % to 1,718,000 won – the largest single‑day gain in the firm’s history – after an insider purchase by group head Chey Tae‑won and news of a strategic partnership with Nvidia valued at over $500 billion. Earlier in June, the broader semiconductor index fell about 20 % and SK Hynix’s stock dropped nearly 40 % from its recent peak, which Ashmore Group described as a technical adjustment rather than a fundamentals decline. The company also floated a new profit‑linked bonus proposal that would pay more than half of the annual profit‑sharing award in shares, subject to holding restrictions.
Entities: Ashmore Group · Chey Tae‑won · HBM4 · KOSPI · Nvidia · SK Hynix · South Korea
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] SK Hynix shares jumped 29.95 % to 1,718,000 won, the largest daily gain in its history, after an insider purchase by Chey Tae‑won and news of a strategic partnership with Nvidia. (stock rally)
- [● 3 SOURCES] SK Hynix reported a second‑quarter operating profit of 60.54 trillion won, a 557 % year‑on‑year increase. (record profit)
- [○ 1 SOURCE] SK Hynix held about 58 % of the global HBM market in 2026, with 65 % of its revenue coming from the United States. (HBM market share)
- [● 2 SOURCES] SK Hynix's revenue for the second quarter was 79.3 trillion won. (record revenue)
- [○ 1 SOURCE] SK Hynix proposed a new profit‑linked bonus scheme that would pay more than half of the annual profit‑sharing award in shares, subject to holding restrictions. (bonus proposal)
- [○ 1 SOURCE] SK Hynix and Nvidia signed a partnership valued at over $500 billion to deploy a 2‑GW AI cloud in South Korea, with SK Hynix supplying HBM chips. (strategic partnership)
- [○ 1 SOURCE] Ashmore Group described the recent 20 % drop in the US semiconductor index and SK Hynix’s stock decline as a technical adjustment, not a fundamentals issue. (market analysis)
- [○ 1 SOURCE] SK Hynix announced an accelerated expansion of its advanced packaging facility P&T7 in Cheongju, Korea, to increase AI memory production. (facility expansion)