P409news.today409Wed 28 Oct03:46
NEWS.TODAY
TECHNOLOGY 9/9
SK Hynix posts record profit on strong AI memory demand
South Korean chipmaker SK Hynix reported record quarterly profit, beating estimates, driven by demand for AI memory chips.
South Korean chipmaker SK Hynix posted record quarterly profit on Wednesday, sharply beating analyst estimates, boosted by demand for AI memory chips. The company announced over 100 trillion won in shareholder returns, including at least 30 trillion won in cash dividends and 60 trillion won in share buybacks and cancellations. Revenue rose 327.9% year on year, while operating profit climbed 632.1%.
From 2 outlets:
CNBC›
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