Overview Key strengths Key risks Second-largest DRAM maker globally, with strength in high end chips including HBM and DDR5. Significant capital spending to keep up with rapid advances in technology. Leader in the rapidly expanding generative AI memory chip segment. Intensively competitive market with limited margin for execution error. This is thanks to the company's dominant position in the high-margin, high-growth high bandwidth memory (HBM) segment. SK Hynix's advanced production technology such as MR-MUF and competitive products support its market position. Moreover, we expect end demand for artificial intelligence (AI) servers to remain strong over the next one to two years. The contribution of HBMs to SK Hynix?s DRAM business is therefore likely to grow over same period. SK Hynix
