SK Hynix posts record quarterly profit surpassing Samsung on AI boom
Business
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. Shares in SK Hynix, a key supplier to AI chip giant Nvidia, however, dropped 4 per cent on Thursday as the company warned of steeper price declines in commodity memory chips used in smartphones and computers, due to slowing demand and growing competition from
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