SK Hynix sharply increased both capital expenditures and research spending in the first half of the year as demand for AI memory products kept rising, according to a report cited by Korean media on Aug. 14. The company’s semiannual report showed that cash outlays for the acquisition of tangible assets reached KRW 18.3288 trillion on a consolidated basis, up 72.7% from KRW 10.6157 trillion a year earlier. R&D spending also expanded significantly, rising 98.4% year over year to KRW 6.0428 trillion from KRW 3.0456 trillion. Of that amount, KRW 5.8163 trillion was allocated to ongoing development costs. The report said SK Hynix is accelerating the expansion of production facilities as demand continues to grow for AI-focused high bandwidth memory, server DRAM, and enterprise solid-state drives. The figures point to a substantial increase in investment tied to the company’s effort to meet rising memory demand in AI-related segments.
SK Hynix increased equipment investment and research spending in the first half of the year to respond to rising demand for AI memory products, according to a Korean media report cited by BlockBeats on Aug. 14.
In its semiannual report disclosed on Aug. 14, the company said cash expenditures for the acquisition of tangible assets reached KRW 18.3288 trillion on a consolidated basis in the first half, compared with KRW 10.6157 trillion in the same period last year. That marked a 72.7% increase year over year.
R&D spending also rose sharply. SK Hynix reported total first-half R&D expenditure of KRW 6.0428 trillion, up 98.4% from KRW 3.0456 trillion a year earlier. Of the total, KRW 5.8163 trillion went to ongoing development costs.
According to the report, SK Hynix is speeding up production facility expansion as demand continues to increase for AI-focused high bandwidth memory (HBM), server DRAM, and enterprise solid-state drives (SSD).
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