SK Hynix plans to build a new NAND M17 production line to increase the output of NAND products.
SK hynix is one of the top ten semiconductor companies in the world, dedicated to the production of semiconductor products based on DRAM and NAND Flash. In 2021, the three largest suppliers, Samsung, SK Hynix and Micron, will have a combined 94% DRAM market share. South Korea-based Samsung and SK Hynix accounted for 71.3% of global DRAM sales last year.
In terms of NAND storage business, SK Hynix has made great efforts to acquire Intel's NAND flash memory business. In October 2020, SK Hynix acquired Intel's NAND memory and storage business for $9 billion, acquiring the latter's NAND SSD business, NAND components, wafer business, and a NAND memory manufacturing plant in China.
SK Hynix Semiconductor is also one of the top three DRAM manufacturers in the world. According to a new research report, throughout 2021, Samsung Electronics, SK Hynix and Micron Technology will occupy a 94.1% share of the global DRAM market, of which SK Hynix's DRAM product sales will reach 26.6 billion US dollars, winning the 27.7% market share.
SK Hynix's latest financial report shows that the company's revenue in the first quarter of this year was 12.16 trillion won (about 65.6 billion yuan), a year-on-year increase of 43%; net profit reached 1.98 trillion won (about 107 yuan), last year's revenue In the same period, it was 992.6 billion won, doubling year-on-year.
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