Reported about 15 hours ago
South Korea's SK Hynix reported a record quarterly profit of 11.4 trillion won ($8.02 billion) for the July-September period, a 62% increase from the previous year, fueled by rising demand for advanced chips amid an artificial intelligence boom. The company's third-quarter revenue climbed 39% to 24.4 trillion won, aligning with analysts' forecasts. SK Hynix plans to start shipments of its new high-bandwidth memory products next quarter, marking a significant expansion in sales for 2026.
Source: YAHOO