SEOUL, April 23 : South Korea’s SK Hynix posted more than a five-fold jump in first-quarter operating profit to a record on Thursday, as the artificial intelligence boom drove strong demand for both advanced and conventional memory chip products.
“As AI evolves from large model training to the stage of agentic AI, which repeatedly performs real-time inference across various service environments, the foundation for memory demand is expanding across both DRAM and NAND flash,” SK Hynix said in a statement.
The Nvidia supplier reported a 37.6 trillion won ($25.42 billion) operating profit for the January-March period, up from 7.4 trillion won a year earlier.
That was in line with a 37.9 trillion won forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate.
Quarterly revenue rose 198 per cent to 52.6 trillion won.
($1 = 1,478.8600 won)