Nvidia Supplier SK Hynix's Earnings Beat Estimates on AI Boom
SK Hynix Inc. earned better-than-expected quarterly profit after US tariff-induced fears of trade disruptions pushed companies around the world to stock up on both advanced chips and memory used in PCs and smartphones.
The company reported operating income of 7.44 trillion won ($5.2 billion) in the March quarter, exceeding the projected 6.6 trillion won. Revenue rose to 17.64 trillion won, the company's second-highest quarterly performance on the heels of record revenue and operating profit in the prior quarter.
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Hamilton Spectator
4 hours ago
- Hamilton Spectator
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Gizmodo
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