SK Hynix Quarterly Profit Rises 406 Percent on AI Demand
The South Korean chipmaker reported an operating profit of 37.6 trillion won for the first quarter. Strong demand for AI memory chips drove the financial results.
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South Korea memory chip giant SK HYNIX INC has reported a massive 406% surge in quarterly operating profit, fueled by the global surge in artificial intelligence infrastructure. The company, which serves as a critical supplier to NVIDIA CORP, saw its earnings align closely with market expectations as demand for both high-bandwidth and conventional memory products accelerated.
