Chip giant SK hynix posts record quarterly profit on AI boom
Source: Free Malaysia Today
Published on: 2026-04-22 23:55
SEOUL: Chip giant SK hynix logged a record quarterly net profit on Thursday thanks to the artificial intelligence boom, shrugging off concerns that the Middle East war could drag on the semiconductor industry. Huge investments from governments and major technology companies are driving frenzied demand for the hardware that powers generative AI tools. The South Korean firm posted net profit of 40.3 trillion won (US$27.2 billion) in the first quarter, up nearly 400% year-on-year. The figure smashed estimates of 29.4 trillion won in a Bloomberg analyst survey. Revenue surpassed 50 trillion won for the first time in a single quarter, while operating profit nearly doubled compared to the previous three-month period. "Despite the fact that first quarter is typically a seasonal downturn, strong demand persisted due to expanded investments in AI infrastructure," SK hynix said. "As AI evolv...
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