SK Hynix has reported record revenues and operating profits for the second quarter of 2013.

　　SK Hynix announced consolidated revenues for the three months ended June 30 were KRW3.93 trillion (US$3.52 billion), up 41% sequentially. The firm credited its revenue growth to rising demand for specialty DRAM and mobile DRAM thanks to favorable market conditions.

　　SK Hynix generated operating profits of KRW1.11 trillion with a 28% operating margin in the second quarter. "Process technology migration and yield improvement had increased the profitability of all the products including DRAM, NAND flash and MCP," the firm disclosed.

　　SK Hynix' net profits for the second quarter came to KRW947 billion, showing a jump compared to the KRW179 billion reported for the first quarter, and significant improvement from losses of KRW53 billion a year ago.

　　SK Hynix revealed its DRAM ASPs and bit shipments rose 16% and 20%, respectively, on quarter in the second quarter, while ASPs for its NAND flash chips and bit shipments also posted sequential growth of 5% and 29%, respectively.

　　SK Hynix indicated its DRAM bit shipments were higher than expected during the quarter thanks to increased demand for mobile DRAM and server products used in data centers. Meanwhile, ASPs for PC DRAM went up as a result of suppliers' increased focus on mobile DRAM manufacturing, and prices for specialty DRAM have stabilized.

　　As for NAND flash, strong demand for eMMC and MCP storage devices and an improved chip supply-demand balance helped the company enjoy bit shipment and ASP growth in the second quarter.

　　In addition, SK Hynix pointed out that it plans to increase DRAM production based on 20nm-class process to about 50% of total DRAM output in the third quarter. The firm is also looking to boost its competitiveness in the SSD field by releasing products equipped with its in-house developed controller chips in the third quarter.