SK Hynix posts record US$7.9bil profit


Strong demand: The logo of SK Hynix is seen on its product during an event in Seoul. The company aims to expand its production line and accelerate the migration to advanced process technologies. — Reuters

SEOUL: South Korean chip giant SK Hynix has reported record profit in the third quarter yesterday, boosted by strong demand for artificial intelligence (AI).

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.

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