SK Hynix

Memory chips, US$92.7bn sales

Overview

SK hynix of Icheon, South Korea, manufactures and sells semiconductor products including DRAM, flash memory and CMOS image sensors; Forbes records its founding on 15 October 1949.[2] Forbes records sales of US$92.7bn, 80.9% higher than the prior-year figure, which moved it from fifth to third place in this ranking.[2] Its profit of US$52.7bn is the third-highest here and its margin of 57% the highest in the list.[2] Gartner attributes SK hynix’s rise to third place among chip vendors in 2025 to demand for high-bandwidth memory (HBM) used in AI servers.[4] The company’s market value of US$858.0bn is the fourth-highest in the ranking, behind NVIDIA, Broadcom and TSMC.[2]

SK Hynix strengths and limitations

Strengths

  • Highest profit margin in the list
  • Sales growth of 80.9%
  • Leading supplier of HBM for AI

Limitations

  • Memory prices are cyclical
  • Concentrated in memory
  • Competes with Samsung and Micron on price

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SK Hynix peers and competitors

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