💨 Abstract

SK Hynix, South Korea's second-largest memory chipmaker, posted a record quarterly profit of 8.1 trillion won ($5.64 billion) due to strong sales of advanced chips like high bandwidth memory (HBM) used in generative AI chipsets. This surpassed the forecasted and rival Samsung Electronics' profit. Revenue for the quarter increased by 75% year-on-year to 19.8

Courtesy: theprint.in

Summarized by Einstein Beta 🤖