SK hynix posts record profits on surging AI demand

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South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring demand for artificial intelligence.

The world’s second-largest memory chip maker dominates the market for high-bandwidth memory (HBM) semiconductors and is a key supplier for US titan Nvidia.

The firm said operating profit climbed almost 70% to 9.2 trillion won ($6.7 billion) in the second quarter, with revenues coming in at 22.2 trillion won — both all-time peaks.

It comes after Taiwan chip giant TSMC last week announced a surge in net profit for the second…



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SK hynix posts record profits on surging AI demand



South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring demand for artificial intelligence.

The world’s second-largest memory chip maker dominates the market for high-bandwidth memory (HBM) semiconductors and is a key supplier for US titan Nvidia.

The firm said operating profit climbed almost 70% to 9.2 trillion won ($6.7 billion) in the second quarter, with revenues coming in at 22.2 trillion won — both all-time peaks.

It comes after Taiwan chip giant TSMC last week announced a surge in net profit for the second…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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