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原文標題：SK hynix logs record profit in Q3 on AI chip boom
原文連結：
https://en.yna.co.kr/view/AEN20251029001252320?section=economy-finance/economy
發布時間：10:47 October 29, 2025
記者署名：Kang Yoon-seung
原文內容：

SEOUL, Oct. 29 (Yonhap) -- SK hynix Inc. said Wednesday its third-quarter
operating profit surpassed 10 trillion won (US$6.97 billion) on the back of
its robust performance in the high bandwidth memory (HBM) segment, considered
a key component for artificial intelligence (AI) infrastructure.


Operating profit came to 11.38 trillion won during the July-September period,
compared with 7.02 trillion won tallied a year earlier, according to the
company's regulatory filing.
根據該公司向監管機構提交的報告，7月至9月期間的營業利益達到11.38兆韓元，高於去
年同期的7.02兆韓元。

It marked the first time for the South Korean chipmaker to post a quarterly
operating profit of above 10 trillion won.
這是這家韓國晶片製造商首次在單一季度中實現超過10兆韓元的營業利益。

Net profit reached 12.59 trillion won in the July-September period, more than
doubling from a year earlier. Revenue rose 39.1 percent to 24.44 trillion won
over the cited period.
該公司7至9月的淨利達12.59兆韓元，較去年同期成長逾一倍；營收則上升39.1%，達到24
.44兆韓元。

The earnings beat market expectations. The average estimate of net profit by
analysts stood at 8.84 trillion won, according to a survey by Yonhap Infomax,
the financial data firm of Yonhap News Agency.
這份財報超出市場預期。根據韓聯社金融數據公司Yonhap Infomax的調查，分析師預估的
平均淨利為8.84兆韓元。

SK hynix attributed the growth to a rise in global prices of dynamic random
access memory (DRAM) and NAND flash, coupled with strong demand for high-end
products in the AI server industry.
SK海力士將成長歸因於全球動態隨機記憶體（DRAM）及NAND快閃記憶體價格上升，以及AI
伺服器產業對高階產品的強勁需求。

"SK hynix once again surpassed the previous quarter's record-high performance
thanks to increased sales of high value-added products such as 12-high HBM3E
and DDR5 for servers," the company said.
公司表示：「SK海力士再次打破上季的歷史紀錄，主要受益於12層堆疊HBM3E與伺服器用
DDR5等高附加價值產品銷售增加。」

"Driven by surging demand for AI servers, shipments of high-capacity DDR5s of
128GB or more have more than doubled from the previous quarter," it added.
公司補充說：「受AI伺服器需求激增帶動，容量達128GB或以上的高容量DDR5記憶體出貨
量較上季成長超過一倍。」

SK hynix noted it has "completed discussions with key customers" for the
supply of HBM in 2026, implying Nvidia Corp.
SK海力士指出，已與主要客戶就2026年的HBM供應「完成協商」，暗示合作對象包括輝達
（Nvidia）。

"HBM4, which completed development in September and entered mass production,
fully meets customer performance requirements and supports industry-leading
speeds," the company said.
公司表示：「HBM4已於九月完成開發並開始量產，完全滿足客戶的性能要求，並支援業界
領先的速度。」

SK hynix said the shipments of HBM4 will start this year, followed by a full-
scale expansion in 2026.
SK海力士表示，HBM4的出貨將於今年開始，並在2026年全面擴大。

"With the innovation of AI technology, the memory market has shifted to a new
paradigm and demand has begun to spread to all product areas," said Kim Woo-
hyun, the company's chief financial officer.
公司首席財務官金宇賢（Kim Woo-hyun）表示：「隨著AI技術的創新，記憶體市場已進入
新範式，需求開始擴散至各產品領域。」

According to separate data compiled by Counterpoint Research, SK hynix
accounted for 64 percent of the global HBM market in terms of sales in the
second quarter.
根據市場研究機構Counterpoint Research的資料，SK海力士在第二季全球HBM銷售市場中
佔有64%的份額。

Micron followed with 21 percent, and Samsung Electronics Co. took up 15
percent.
美光（Micron）以21%排名第二，三星電子（Samsung Electronics）佔15%。

SK hynix said the combined amount of cash assets came to 27.9 trillion won as
of the end of the third quarter. With its debt standing at 24.1 trillion won,
the company said it held net cash of 3.8 trillion won.
SK海力士表示，截至第三季底，公司現金資產合計27.9兆韓元，負債為24.1兆韓元，淨現
金餘額為3.8兆韓元。

During a conference call, SK hynix said it expects the supply of HBM to remain
 "tight," noting that the memory industry has entered a "super cycle."
在財報電話會議中，SK海力士預期HBM供應將維持「緊張」，並指出記憶體產業已進入「
超級循環（super cycle）」階段。

"Demand for HBM has sharply expanded, driven by the medium- and long-term
growth of the AI industry, while the supply cannot catch up with demand in the
 short term," an official from the company said.
公司官員表示：「受AI產業中長期成長帶動，HBM需求急劇擴張，而短期內供應無法追上
需求。」

"HBM products have remained sold out since 2023, with prices currently staying
 at levels sufficient to maintain profitability," the official added.
該官員補充說：「自2023年以來，HBM產品一直供不應求，目前價格水準足以維持高利潤
。」

The HBM lineup, which accounts for 20 percent of the total DRAM shipment
volume, is estimated to have contributed around half of the operating profit.
HBM產品雖僅佔DRAM總出貨量的20%，但估計貢獻了約一半的營業利益。

Shares of SK hynix were trading at 540,500 won on the main bourse as of 10:36
a.m., up 3.74 percent from the previous session. The third-quarter report was
released before the market hours.
截至上午10點36分，SK海力士股價報540,500韓元，較前一交易日上漲3.74%。第三季財報
於開盤前公布。

心得/評論：
https://i.urusai.cc/IqQew.JPG

AI伺服器需求帶動HBM與DDR5出貨暴增。
SK海力士正主導全球AI記憶體市場（64%市佔）。
AI晶片供應緊張確立“記憶體超級循環”。

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※ 作者: TyuzuChou 2025-10-29 11:55:25
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