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Benzinga
  • 1 year ago
SK Hynix, one of the world's largest memory chipmakers, reported its highest quarterly profit in 6 years for the second quarter, driven by strong demand for AI chips.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02SK Hynix, one of the world's largest memory chip makers, reported its highest quarterly
00:07profit in six years for the second quarter, driven by strong demand for AI chips.
00:12Operating profit and revenue reached new highs due to a surge in memory chip prices driven
00:16by AI demand, recovering from a loss in the same quarter of the previous year.
00:20The chip maker supplies high-bandwidth memory chips used in AI processors from NVIDIA and
00:25saw demand increase for its HBM products.
00:28The company plans to begin mass-producing more advanced chips in the third quarter to
00:32meet the strong demand for AI servers.
00:33For all things money, visit Benzinga.com.
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