Nvidia Supplier SK Hynix Reports Record Profit from AI Boom

The net profit for the period from October to December was approximately 5.57 billion USD. The South Korean memory chip manufacturer primarily supplies advanced high-bandwidth memory products to the AI chip giant Nvidia. Recently, the company reported record quarterly and annual results after stronger-than-expected earnings for the last quarter of 2024, as it continued to benefit from robust chip demand amid the artificial intelligence boom. SK Hynix was able to maintain its strong market position The company's high-bandwidth memory products...