Reported about 1 month ago
SK Hynix Inc. reported record quarterly profits, fueled by heightened demand for memory chips necessary for artificial intelligence development alongside Nvidia processors. The South Korean company announced an operating profit of 7.03 trillion won ($5.1 billion) for Q3, showcasing nearly doubled revenue and a projected sustained demand growth for DRAM and NAND flash memory chips through 2025. Their strategic focus on high-performance, premium memory products and continued investments in advanced technologies underpin their market leadership over competitors like Samsung and Micron.
Source: YAHOO