SK hynix posts record Q3 profit on AI memory demand
Briefing by News4U · First published
SK hynix reported record revenue and operating profit for the July-September quarter, driven by strong demand for AI memory chips.
SK hynix Inc. said Wednesday its revenue and operating profit reached record highs in the third quarter, driven by robust demand for high-bandwidth memory (HBM) chips and other memory products, according to Yonhap Business. [1]
Operating profit soared 557.2 percent from a year earlier to 83.33 trillion won (US$62.8 billion) in the July-September period, while revenue surged 327.9 percent on-year to 104.61 trillion won. Net profit also hit a record 39.77 trillion won, up 215.7 percent from a year earlier. [1]
Sources
- (LEAD) SK hynix logs record profit in Q3 on AI chip supercycle
Yonhap Business · · Full text