Analyst: SK Hynix's Second Quarter Performance Expected to Hit Record High

DeepTechFlow reports that on July 27, Meritz Securities analyst Kim Sun-woo stated that driven by one-time investment gains and rising semiconductor prices, SK Hynix is likely to announce record-breaking second-quarter results. The analyst estimates that SK Hynix's pre-tax profit from April to June will exceed 100 trillion KRW, including 6.01 trillion KRW in operating profit and 4.16 trillion KRW in investment gains from its stake in Japan's Kioxia, held through U.S. private equity firm Bain Capital. This performance will surpass the company's first-quarter record of 5.88 trillion KRW in operating profit. He added that in the second quarter, DRAM and NAND storage chip prices rose by 30% and 49%, respectively. (Jin10)