US EditionSK Hynix quarterly profit soars 158% to top estimates as chip demand surges on AI boom
- SK Hynix reported record quarterly profits, showing a nearly 158% year-on-year increase with an operating profit of 7.44 trillion won and revenues of 17.64 trillion won from January to March.
- The company's net income quadrupled to 8.11 trillion won due to strong demand for AI chips.
- SK Hynix noted that their sales plans for key clients remain unchanged and customers are maintaining their demand levels.
- SK Hynix reported a record operating profit of 7.44 trillion won, reflecting a 158% increase year-on-year, driven by strong demand for AI chips and stockpiling ahead of potential U.S. Tariffs.
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New Strait TimesReposted by 
The Straits Times
The Straits TimesNvidia supplier SK Hynix sees limited tariff impact on AI chips after bumper Q1
SEOUL: SK Hynix, a key supplier of high-bandwidth memory (HBM) processors to Nvidia, said quarterly profit more than doubled and demand for AI chips was so robust that it expects only limited impact on those products from potential US tariffs. © New Straits Times Press (M) Bhd
·Malaysia
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ABC FOX Montana+29 Reposted by 29 other sources
SK hynix posts record profits thanks to strong AI demand
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.
·Missoula, United States
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