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South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring demand for artificial intelligence.
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.
The firm said operating profit climbed almost 70% to 9.2 trillion won ($6.7 billion) in the second quarter, with revenues coming in at 22.2 trillion won — both all-time peaks.
It comes after Taiwan chip giant TSMC last week announced a surge in net profit for the second…
