SK Hynix has signed roughly ten long-term supply agreements with major customers, many of them AI companies, aimed at smoothing out volatile memory prices. The South Korean chipmaker unveiled the deals alongside blockbuster second-quarter results, reflecting how surging demand for AI infrastructure has transformed its fortunes and given Big Tech buyers an incentive to lock in stable, predictable pricing rather than face further spikes.

Quarterly revenue hit ₩79.3 trillion ($54.5 billion), up 257 percent year-on-year, while operating profit soared 557 percent to ₩60.5 trillion ($41.6 billion), with asset sales even pushing net income above revenue. The growth was driven by a 30 percent rise in average DRAM prices and a 50 percent jump in NAND prices alongside higher shipment volumes. The new contracts, some running up to five years, include mechanisms such as customer deposits to guarantee purchase commitments, and executives said HBM4 memory shipments would grow further, dismissing fears of oversupply given what they describe as insatiable AI-driven demand.