SK Hynix jumps 11% on record profit
The chipmaker kept almost 80% of sales as operating profit last quarter. Samsung reports next.
Why it matters
AI chip demand is boosting Korean exports.
Background
SK Hynix makes memory chips used in AI.
The story so far
- SK Hynix record profit, $25 billion payout; Seoul stocks jump
- SK Hynix jumps 11% on record profit
- Samsung, SK hynix post record profits on AI chips
Sources
- South China Morning Post ↗Oct 28, 8:00 PM ET
- CNBC ↗Oct 28, 7:00 PM ET
- Yonhap ↗Oct 28, 8:05 PM ET
This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.