Seoul, April 22, 2026 (AFP) - Chip giant SK hynix posts record quarterly profit on AI boom

NAMPA / AFP

2026-04-23

Chip giant SK hynix logged a record quarterly net profit on Thursday thanks to the artificial intelligence boom, shrugging off concerns that the Middle East war could drag on the semiconductor industry. Huge investments from governments and major technology companies are driving frenzied demand for the hardware that powers generative AI tools. The South Korean firm posted net profit of 40.3 trillion won ($27.2 billion) in the first quarter, up ne......

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