Chipmaker SK Hynix overtook its larger rival Samsung on quarterly profit for the first time, with its lead in advanced memory chips producing robust sales that it expects to double this year as a boom in artificial intelligence data centres continues.
Operating profit at SK Hynix jumped more than 20-fold year on year to Won8.1tn ($5.6bn) in the final three months of 2024, exceeding Samsung’s estimated operating profit of Won6.5tn, as sales jumped 75 per cent to Won19.8tn.
SK Hynix on Thursday forecast demand for its high-bandwidth memory (HBM) products to continue increasing due to surging investment in AI servers and the growing importance of processing-intensive “inference” in which models generate predictions from data.
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