SK Hynix profits soar sixfold on AI boom

SK Hynix, the world's second-largest memory-chip maker, reported a sixfold surge in quarterly profit driven by booming demand for AI semiconductors, and said it secured multiyear contracts with about 10 customers.

SK Hynix profits soar sixfold on AI boom Source: Financial Times Technology https://www.ft.com/technology Second-largest memory-chip maker says it won multiyear contracts with about 10 customers Get AI news in your inbox Daily digest of what matters in AI. Get AI news in your inbox Daily digest of what matters in AI.