Nvidia supplier SK Hynix reports record profit, sees demand for AI chips

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Nvidia CEO Jensen Huang said on Wednesday a design flaw with its latest Blackwell AI chips, which impacted production, had been fixed with the help of Taiwanese manufacturing partner TSMC .

SK Hynix said HBM sales showed strong growth, up more than 70 per cent from the previous quarter.

The world's second-biggest memory chipmaker swung to an operating profit of 7 trillion won ($5.07 billion) for the July-September quarter from a loss a year earlier.That compared with a 6.8 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate.

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Category: BusinessFinance

Markets: IndiaSouth KoreaTaiwan

Topics: Market demand Memory chips SK Hynix HBM chips Quarterly profit Nvidia supplier Semiconductor industry AI chips

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Article Type: News Report

Published On: 2024-10-24 @ 11:38:19 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 613 words

Reading Time: 4 minutes read

Sentences: 21 lines

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News ID: 23220465

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