SK hynix Inc. today announced financial results for its fiscal year 2020 ended on December 31, 2020. The consolidated revenue of fiscal year 2020 was 31.9 trillion won while the operating profit amounted to 5.013 trillion won, and the net income 4.759 trillion won. Operating margin of for the year was 16%, and net margin was 15%.

"Due to the global pandemic and the intensifying trade disputes last year, the memory market showed sluggish trend," said Kevin (Jongwon) Noh, Executive Vice President and Head of Corporate Center (CFO) at SK hynix. "In the meantime, the Company stably mass-produced its main products such as 1Znm DRAM and 128-layer NAND Flash." Noh also explained, "The Company expanded its server market share based on its quality competitiveness, which resulted in an increase in the revenue and the operating profit by 18% and 84%, respectively, compared to the previous year."