SEOUL, South Korea, April 25, 2024 /PRNewswire/ SK hynix Inc. (or "the company", www.skhynix.com) announced today that it recorded 12.43 trillion won in
SK hynix Inc. said Thursday it swung to a profit in the first quarter of this year on the back of rising global demand for premium memory chip products used for artificial intelligence computing. The world's second-largest memory chipmaker posted an operating profit of 2.88 trillion won ($2.09 billion) for the January-March period, compared with a loss of 3.4 trillion won a year ago, the company said in a regula.
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SK hynix Announces 1Q24 Financial Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
SK hynix, the world's second-largest memory chip maker, said Thursday it has returned to profit, thanks to its leadership in advanced memory chips critical to generative artificial intelligence tools, recovering from a long slump in the memory market. The company reported a quarterly operating income of 2.89 trillion won ($2.10 billion) for the January-March period, compared with a loss of 3.4 trillion won marke.