South Korean chip giant SK hynix Inc reported record quarterly profits on April 24, thanks to soaring global demand for artificial intelligence (AI), highlighting the firm’s ability to weather mounting tariff threats, AFP reported.

The world’s second-largest memory chip maker dominates the market for high-bandwidth memory (HBM) semiconductors and is a key supplier for US titan Nvidia.

SK hynix said it recorded an operating profit of 7.44 trillion won, a nearly 158% year-on-year (YoY) increase, on revenues of 17.64 trillion won from January–March. 

Both figures marked the company’s second-highest quarterly results on record, following last quarter’s performance.

The news comes after Taiwanese chip giant Taiwan Semiconductor Manufacturing Company Ltd announced last week a surge in net profit for the first quarter and forecasted robust demand for AI technology, despite the spectre of US tariffs on the critical sector.

SK hynix’s net income also quadrupled compared to the previous year to 8.11 trillion won, with the firm saying the “memory market ramped up faster than expected due to competition to develop AI systems and inventory accumulation demand”.

The company added that its annual HBM sales for this year are expected to double compared to last year.

Despite the news, SK hynix’s shares fell more than 1% in Seoul morning trade.


Source from: https://www.businesstoday.com.my/2025/04/24/sk-hynixs-profits-increases-158-yoy-thanks-to-strong-ai-demand/