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Technology · Seoul, South Korea ·

Samsung, SK hynix post record profits on AI chips

Reported by 1 outlet · under-reported · first reported Oct 29, 10:53 PM ET

Korean chipmakers posted record profits as AI demand rose.

Why it matters

AI spending lifts chip supply chains.

Background

AI data centers need advanced memory chips.

The story so far

  1. SK Hynix record profit, $25 billion payout; Seoul stocks jump
  2. SK Hynix jumps 11% on record profit
  3. Samsung, SK hynix post record profits on AI chips

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Sources

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