SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand

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SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand - Channel News Asia

Quick Summary:

SEOUL :South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.

SK Hynix said it began supply of 12-layer HBM3E chips, the most advanced HBM model currently in mass production, to a customer in the fourth quarter.

The world's second-biggest memory chipmaker posted an operating profit of 8.1 trillion won ($5.64 billion) in the October-December quarter, slightly above expectations and exceeding Samsung's forecast fourth-quarter operating profit of 6.5 trillion won.