AI chip giant SK hynix says quarterly operating profit soars 630%
South Korean memory chip manufacturer SK Hynix announced a 632 percent year-on-year increase in third-quarter operating profit, largely attributed to soaring demand from the AI industry for its advanced memory products. The company achieved record revenue and operating profit for six consecutive quarters starting from Q2 of the previous year.
Key points
- Q3 operating profit surged 632% year-on-year
- Growth driven by AI industry demand for advanced memory chips
- Six consecutive quarters of record revenue and profit
- Reflects strong market appetite for AI-supporting hardware
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