SK Hynix has secured long-term agreements with 14 laarge cloud customers for more than 50% of its total production capacity through 2028 to manage a surge in AI-driven demand. The South Korean chipmaker reported that requests for its memory chips now exceed twice its current supply capacity, leaving its DRAM and HBM volumes virtually sold out through 2029.
The outlook came as SK Hynix posted record third-quarter revenue of 104.6 trillion won and an operating profit of 83.3 trillion won, though its net profit of 39.5 trillion won was below analyst estimates. To reward shareholders, the company announced a plan to return approximately 100 trillion won throughout fiscal 2026 through dividends and share buybacks, pushing the stock up 2.4% following the report.