Latest news with #memorychips
Yahoo
17 hours ago
- Business
- Yahoo
Micron Technology raises quarterly results forecast on AI-driven demand
(Reuters) -Micron Technology on Monday raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up 5% before the bell. The company now expects revenue of $11.2 billion, plus or minus $100 million, compared with its previous forecast of $10.7 billion, plus or minus $300 million. It expects adjusted earnings per share of $2.85, plus or minus 7 cents, compared with its earlier expectation of $2.50, plus or minus 15 cents. Semiconductor makers such as Micron have seen a surge in orders for their high-bandwidth memory chips due to their intensive data-processing capabilities, as large tech firms scaled up their financial commitments to AI data centers.
Reuters
17 hours ago
- Business
- Reuters
Micron Technology raises quarterly results forecast on AI-driven demand
Aug 11 (Reuters) - Micron Technology (MU.O), opens new tab on Monday raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up 5% before the bell. The company now expects revenue of $11.2 billion, plus or minus $100 million, compared with its previous forecast of $10.7 billion, plus or minus $300 million. It expects adjusted earnings per share of $2.85, plus or minus 7 cents, compared with its earlier expectation of $2.50, plus or minus 15 cents. Semiconductor makers such as Micron have seen a surge in orders for their high-bandwidth memory chips due to their intensive data-processing capabilities, as large tech firms scaled up their financial commitments to AI data centers.
CNA
18 hours ago
- Business
- CNA
Micron Technology raises quarterly results forecast on AI-driven demand
Micron Technology on Monday raised its forecast for fourth-quarter revenue and adjusted profit, due to surging demand for its memory chips used in artificial intelligence infrastructure, sending its shares up 5 per cent before the bell. The company now expects revenue of $11.2 billion, plus or minus $100 million, compared with its previous forecast of $10.7 billion, plus or minus $300 million. It expects adjusted earnings per share of $2.85, plus or minus 7 cents, compared with its earlier expectation of $2.50, plus or minus 15 cents. Semiconductor makers such as Micron have seen a surge in orders for their high-bandwidth memory chips due to their intensive data-processing capabilities, as large tech firms scaled up their financial commitments to AI data centers.
Free Malaysia Today
24-07-2025
- Business
- Free Malaysia Today
SK Hynix posts record profits on surging AI demand
Shares in SK Hynix rose more than 3% in Seoul. (AFP pic) SEOUL : South Korean chip giant SK Hynix reported record quarterly profits today, thanks to soaring demand for artificial intelligence (AI). The world's second-largest memory chip maker dominates the market for high-bandwidth memory (HBM) semiconductors and is a key supplier for US titan Nvidia. The firm said operating profit climbed almost 70% to ₩9.21 trillion (US$6.72 billion) in the second quarter (Q2), with revenues coming in at ₩22.23 trillion – both all-time peaks. The news comes after Taiwan chip giant TSMC last week announced a surge in net profit for Q2, topping forecasts, thanks to robust demand for AI technology, despite the threat of US tariffs on the critical sector. SK Hynix also said net profit was up close to 70% on-year, at ₩6.99 trillion. 'An aggressive investment by global big tech companies into AI led to a steady increase in demand for AI memory,' it said in a statement. Shipments of DRAM and NAND flash topped forecasts, boosting the bottom line. 'SK Hynix foresees that increasing competition among big tech companies to enhance inference of AI models would lead to higher demand for high-performance and high-capacity memory products,' the company added. Shares in the firm rose more than 3% in Seoul. South Korea is a major exporter to the US and its powerhouse semiconductor and auto industries would suffer greatly under President Donald Trump's threatened 25% tariffs. Experts attribute SK Hynix's resilience to its growth in the DRAM market. The firm took the lead in DRAM revenues in April, with a 36% market share, according to specialist research firm Counterpoint. That surpassed South Korean rival Samsung for the first time and marked the first change in the top spot in more than four decades. The company also recorded a combined US$15.5 billion in sales of DRAM and NAND in Q2, matching Samsung to jointly lead the global memory market, according to a Counterpoint report. SK Hynix said in a conference call that 'the previous quarter began amid concerns over slowing demand due to trade tensions and broader economic uncertainty'. However, 'strong AI-related investment by major tech firms continued to drive growth in demand for AI-oriented memory products'. As the US has been threatening certain restrictions on semiconductor sales to China, customers' preemptive purchases 'to hedge against external risks', actually created a 'more favourable environment than initially expected', an SK Hynix official said. The company added that despite the geopolitical situations, its production situation saw 'no change'.
Wall Street Journal
24-07-2025
- Business
- Wall Street Journal
SK Hynix to Boost Investment After Record Results on Strong AI Chip Demand
SK Hynix 000660 0.09%increase; green up pointing triangle, the main supplier of high-bandwidth-memory products for Nvidia, plans to increase spending this year to meet strong demand for artificial-intelligence chips that helped it achieve a record second quarter. The South Korean memory-chip maker said Thursday that aggressive AI investments by global big technology companies led to a steady increase in demand for AI memory chips, including 12-layer HBM3E products. Shipments of both DRAM and NAND flash memory products were higher than expected, it said.
