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SK hynix posts 1,200% net profit boost on AI chip boom
CNA·July 28, 2026·1 min read
AI Summary
SK hynix reported a net profit increase of 1,242% year-on-year for the second quarter, fueled by strong demand for its advanced memory chips in the artificial intelligence sector. The company, based in South Korea, attributes this significant growth to the booming AI industry.
From the source
SEOUL: South Korea's SK hynix said on Wednesday (Jul 29) that second-quarter net profit soared a whopping 1,242 per cent year-on-year, driven by the artificial intelligence industry's explosive demand for its advanced memory chips.SK hynix is a specialist sup…
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