SK Hynix shares jump 5.67% on record quarterly sales, bets on memory shortage until 2030

SK Hynix reported record Q3 revenue of 104.6 trillion won and operating profit of 83.33 trillion won, beating LSEG SmartEstimates. The company forecasts a memory supply shortage until 2030, citing technical difficulties in producing leading-edge chips and long factory build times. It also signed long-term agreements covering over 50% of 2027-2028 capacity with 14 major customers.