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International Business Times

Business

SK Hynix Posts Record Profits Thanks To Strong AI Demand

SK Hynix United States Memory Artificial Intelligence Counterpoint Samsung South Korea

Company and national flags fly outside the SK hynix Bundang office in Seongnam (Credit: AFP)

South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring global demand for artificial intelligence, highlighting the firm's ability to weather mounting tariff threats.

The world's second-largest memory chip maker dominates the market for high-bandwidth memory (HBM) semiconductors and is a key supplier for US titan Nvidia.

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