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Chip giant SK hynix posts record quarterly profit on AI boom

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Revenue surpassed 50 trillion won for the first time in a single quarter, while operating profit nearly doubled compared to the previous three-month period

Revenue surpassed 50 trillion won for the first time in a single quarter, while operating profit nearly doubled compared to the previous three-month period

Chip giant SK hynix logged a record quarterly net profit on Thursday thanks to the artificial intelligence boom, shrugging off concerns that the Middle East war could drag on the semiconductor industry.

Huge investments from governments and major technology companies are driving frenzied demand for the hardware that powers generative AI tools.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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