April 25, 2024

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SK Hynix Reports First Quarter Profit Surge Amid AI Memory Chip Demand

Key Points: SK Hynix reports a net profit of 1.92 trillion South Korean won in the first quarter, marking a significant turnaround from the previous year. Revenue surged by 144%, attributed to increased sales of AI server products and high-bandwidth memory chips. SK Hynix plans to increase the supply of HBM3E and introduce 32GB Double Data Rate 5 products to meet the growing demand for AI memory. SK Hynix announces plans to build a new fab in South Korea and...

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