SK Hynix Posts Record Q3 Profit, Beats Estimates on AI Demand
SK Hynix reported record quarterly revenue and operating profit, with operating profit up 632.1% year on year to 83.33 trillion won ($62.8 billion), as AI infrastructure demand lifted memory chip prices.
South Korean chipmaker SK Hynix reported record quarterly revenue and operating profit, beating market estimates as surging demand for artificial intelligence (AI) infrastructure drove up memory chip prices.Operating profit jumped 632.1% year on year to 83.33 trillion won ($62.8 billion) in the Jul…