SK Hynix Reports Record First-Quarter Profit Amid Rising Memory Prices
SK Hynix reported record first-quarter profit and revenue, driven by increased demand for memory chips in AI applications. Revenue reached 52.58 trillion won, surpassing 50 trillion won for the first time on a quarterly basis, while operating profit nearly doubled from the previous quarter. The company benefits from strong AI infrastructure investments and its leadership in high-bandwidth memory (HBM).
Topics: AI Demand DRAM Market Earnings Memory Chips SK Hynix