Demand twice as high as supply. Chip shortages expected until 2030

SK Hynix reported a record operating profit of 83.3 trillion won for Q3, significantly up from 11.4 trillion won last year, driven by AI infrastructure demand. The company's revenue surged by 328% to 104.6 trillion won, exceeding forecasts. SK Hynix plans to return about 100 trillion won to shareholders, including dividends and stock buybacks. The company has sold its entire production of HBM and DRAM memory through 2029, with demand for HBM outpacing supply. Despite market concerns about AI spending sustainability, SK Hynix's CFO remains optimistic about continued investments. Following the results announcement, SK Hynix's shares rose by 11%.