Memory chip giant SK Hynix returns to profit on strong AI demand

The world’s second-largest memory chip maker, South Korea’s SK Hynix, said on Thursday it had returned to profit after four consecutive quarters of losses driven by demand for chips used in artificial intelligence.

SK Hynix posted an operating profit of 346 billion won ($259.4 million) for the October-December period, compared with a loss of 1.9 trillion won in the same period a year earlier, with strong sales of its flagship products DDR5 and HBM3.

Legit : Read More