Nvidia Forecasts 70% Revenue Growth as SK hynix Breaks Ground on $4B US Advanced Memory Plant
Published on August 28, 2026 · Source: Bloomberg
Semiconductor leader Nvidia issued an ambitious financial forecast predicting 70% growth next fiscal year, as key partner SK hynix breaks ground on a massive US advanced packaging factory.
Nvidia executive leadership has reaffirmed its bullish multi-year trajectory, projecting a staggering 70% revenue increase for the upcoming fiscal year. Financial analysts credit non-stop infrastructure spending from cloud hyperscalers expanding custom data center clusters for Next-Gen Blackwell and Vera AI architectures.
In a parallel milestone for the North American semiconductor supply chain, SK hynix officially broke ground on its $4 billion advanced memory packaging and R&D complex at Purdue Research Park in Indiana. The state-of-the-art facility will produce next-generation high-bandwidth memory (HBM4) modules specifically designed for Nvidia data center GPUs.
The dual announcements signal that despite supply-chain bottlenecks and geopolitical export friction, enterprise AI hardware expansion continues at an unprecedented global scale.