SK hynix Inc. announced today that it recorded 12.43 trillion won in revenues, 2.886 trillion won in operating profit (with an operating margin of 23%), and 1.917 trillion won in net profit (with a net margin of 15%) in the first quarter.

SK hynix has embarked on strengthening its research and development (R&D) capabilities to enhance its high-performance NAND competitiveness by successively recruiting NAND flash memory experts from Intel with decades of experience.

According to CFM data, the global NAND Flash market revenue in 3Q23 increased QoQ by7.5% to US$9.81 billion, and the DRAM market increased QoQ by 22.4% to US$13.06 billion.

According to CFM data, the global NAND Flash market revenue in 2Q23 increased QoQ by 5% to US$9.13 billion, and the DRAM market increased QoQ by 11.9% to US$10.675 billion; the overall memory market revenue in 2Q23 was US$19.803 billion, increased 9% QoQ but decrease 54% YoY.

SK hynix today announced that it has completed the first phase of the transaction to acquire Intel’s NAND and solid-state drive (SSD) business.