SK hynix Inc. said Thursday it shifted to a profit in the second quarter on solid sales of its premium artificial intelligence (AI) memory chips.The world's second-largest memory chipmaker posted an operating profit of 5.46 trillion won (US$3.95 billion) for the April-June period, compared with a loss of 2.88 trillion won a year ago, the company said in a regulatory filing.It marked the largest quarterly operating profit since the third quarter of 2018, when SK hynix reported 6.47 trillion won in operating profit.Its revenue surged 124.8 percent to a record 16.42 trillion won, while its net profit reached 4.12 trillion won, shifting from a loss of 2.98 trillion won a year earlier.The earnings beat market expectations. The average estimate of net profit by analysts stood at 3.85 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.SK hynix attributed the strong bottom line to demand for AI memory chips, including high bandwidth memory products and embed ded solid state drives, and a rebound in prices of NAND flash memory.Source: Yonhap News Agency

Recent Posts
Polam Kopitiam Owner Sentenced to 22 Months in Fatal Poisoning Case
November 12, 2026
BOCA Confirms Passport Validity Remains Unaffected Amid Data Breach
November 12, 2026
Taiex Suffers Major Decline as Nvidia Controversy Escalates
November 12, 2026
Hon Hai Reports Record Q3 Net Profit Amid AI Infrastructure Investment
November 12, 2026
MSCI Increases Taiwan’s Weighting in Three Major Indexes
November 12, 2026
Jeffrey Koo Jr. Reelected as President of Baseball Federation of Asia
November 12, 2026
Deputy FM Wu Hosts French Mayotte Delegation in Taipei
November 11, 2026
Taiwan and Israel Strengthen Medical Cooperation with Renewed Agreement
November 11, 2026
Bear Sighting Triggers Hiking Safety Alert in Nantou
November 11, 2026