SK Hynix Achieves Record $5 Billion Quarterly Profit Driven by A.I. Chip Demand

INSUBCONTINENT EXCLUSIVE:
climbed to 17.6 trillion won, setting a new quarterly record with a 7% year-over-year growth
This success stems primarily from the robust demand for artificial intelligence memory chips.High Bandwidth Memory (HBM) chips emerged as
the star performer, with sales surging more than 70% compared to the previous quarter
SK Hynix maintains a near-exclusive position as the supplier of these advanced chips to Nvidia, strengthening its market presence.SK Hynix
Achieves Record $5 Billion Quarterly Profit Driven by AI Chip Demand
Samsung recently reported a 12.8% decline in operating profit and issued an apology to shareholders
third quarter of 2023, when the company faced challenges due to slower memory chip sales
demand for AI memory solutions
technology market.