SK hynix secured the top spot in the global DRAM market for the second quarter of this year, following its first-quarter success. The revenue and market share gap with Samsung Electronics widened further, allowing SK hynix to maintain its number one position in DRAM.
According to market research firm Omdia on the 5th, the global DRAM industry's revenue for the second quarter of this year was recorded at $30.916 billion, a 17.3% increase from the previous quarter, due to rising DRAM contract prices and increasing HBM shipments.
Omdia explained that SK hynix's DRAM market share (based on revenue) increased from 36.9% in the first quarter to 39.5% in the second quarter, achieving first place for the second consecutive quarter. During the same period, Samsung Electronics' market share fell from 34.4% to 33.3%, remaining in second place. The gap between the two companies expanded from 2.5 percentage points to 6.2 percentage points.
In terms of revenue, SK hynix achieved $12.226 billion in the second quarter, while Samsung Electronics recorded $10.3 billion, leading to a gap of over $1.9 billion. SK hynix surpassing Samsung Electronics in DRAM market share was a first since the first quarter. This marks the first time in 33 years since Samsung Electronics became the world's number one in the DRAM market in 1992.
SK hynix is expected to achieve the top position in the global DRAM market for the year, thanks to HBM impact. Currently holding more than 50% of the market share, SK hynix, the number one in the HBM market, supplies most of its HBM production to major big tech companies, including 'AI giant' NVIDIA.