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SK Hynix quarterly profit jumps more than sevenfold

Original: sk hynix

SK Hynix reported third-quarter profit that surged more than sevenfold from a year earlier, beating market forecasts. The South Korean memory chipmaker's results underscore booming demand for high-bandwidth memory used in artificial intelligence data centres, and the strong beat drew wide attention from investors and business media tracking the AI hardware supply chain.

Why now: The company just posted a dramatically better-than-expected quarterly profit amid the AI chip boom.

SK HynixSamsung ElectronicsSouth Korea

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Evidence

• SK Hynix Q3 profit jumps more than 7-fold, beats forecasts · The Business Times

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