SK hynix quarterly operating profit jumps 632% on AI memory demand
South Korean chipmaker SK hynix said its third-quarter operating profit rose 632% from a year earlier. The jump was largely driven by strong demand from the AI industry for its advanced memory chips. The company also posted record revenue.
Quick glossarySK hynix, operating profit
- SK hynix
- South Korean chipmaker best known for memory chips that store data quickly, used in AI servers, phones and computers.
- operating profit
- Money a company earns from its main business after paying day-to-day costs, before tax and interest.
Read at Economic Times Tech
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