SK Hynix Posts Record Profit and Return Plan
SK Hynix reported a record operating profit driven by strong artificial intelligence demand and announced a significant shareholder return plan. The chipmaker also secured long-term supply agreements with major customers through 2028.
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SK Hynix reported a 7-fold jump in third-quarter operating profit to 83.3 trillion won on Wednesday morning. The South Korea chipmaker also announced a $75.4 billion shareholder return plan for the year. The massive payouts highlight how sustained AI hardware spending is boosting earnings for key suppliers.
