SK Hynix reports Q3 revenue up 39% YoY to $17.02B, vs. $17.22B est, operating profit up 62% YoY to $7.92B, a record, boosted by demand for its HBM chips for AI (CNBC)
PositiveArtificial Intelligence

SK Hynix has reported a remarkable 39% year-over-year increase in Q3 revenue, reaching $17.02 billion, slightly below estimates but still impressive. The company's operating profit surged by 62% to a record $7.92 billion, driven by strong demand for its HBM chips used in AI applications. This growth highlights the increasing importance of AI technology in the semiconductor industry and positions SK Hynix as a key player in this rapidly evolving market.
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