U.S. Micron, the third-largest memory semiconductor company globally, reported its best quarterly results to date on the 24th (local time). Its operating profit margin, a measure of financial performance, hit 80.4%, creating a world record. This challenged the AI bubble hypothesis and confirmed the peak period for memory semiconductors.
Major memory firms are continuously breaking records in terms of performance and stock values. According to an analysis by this newspaper based on data from the U.S. research company CompaniezMarketCap, as of the 25th, the combined market capitalization of the three leading memory companies—Samsung Electronics, SK Hynix, and Micron—has risen by 3.0978 trillion dollars (about 4,780 trillion Korean won) this year. This represents 22% of the total global corporate market capitalization growth (14 trillion dollars). While the overall global corporate market capitalization increased by 10% this year, the three major memory companies experienced a 270% surge.
Memory chips have emerged as the primary constraint in expanding AI infrastructure, increasing their worth. The cost of memory has surged by three to four times this year. According to KB Securities, the fulfillment rate for memory demand stands at just 50%. A representative from the semiconductor industry stated, “Memory companies will continue to hold a ‘super B’ position, where they have control over both pricing and supply, for a significant period.”
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