💨 Abstract
South Korea's SK Hynix reported record Q4 profits, surpassing Samsung, driven by strong sales of high-end semiconductors for AI chipsets. However, shares dropped due to warnings of steeper declines in commodity memory chips and weaker-than-expected Q1 shipments forecast. The company plans to focus on HBM production and new factories in 2025, but conservative investment plans raised concerns about demand.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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