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Nvidia Supplier SK Hynix Posts Record Quarterly Profit

The South Korean semiconductor firm has benefited from an increase in artificial intelligence servers. Operating profit for the third quarter reached a record 7.03 trillion won ($5.08 billion), exceeding LSEG's expectation of 6.8 trillion won and recovering from a 1.8 trillion won deficit in the same period previous year. Quarterly revenue increased by roughly 94% …

The South Korean semiconductor firm has benefited from an increase in artificial intelligence servers. Operating profit for the third quarter reached a record 7.03 trillion won ($5.08 billion), exceeding LSEG’s expectation of 6.8 trillion won and recovering from a 1.8 trillion won deficit in the same period previous year. Quarterly revenue increased by roughly 94% year on year, from 9.1 trillion won.

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