💨 Abstract

SK Hynix, a South Korean memory chipmaker and supplier to Nvidia, posted a record quarterly profit of 8.1 trillion won ($5.64 billion), driven by strong sales of high-bandwidth memory (HBM) chips used in AI technology. The company expects demand for HBM and high-density server DRAM to continue increasing due to growing AI investments by global tech companies.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖