SK hynix achieves earnings surprise in Q1 as HBM chip sales increase

Meanwhile, the South Korea's tech giant SK hynix achieved an earnings surprise in the first quarter of this year.

On Thursday, the company announced that its sales of memory chips, particularly the 5th generation HBM, had increased following market improvement.

SK hynix also mentioned that, tentatively, operating profit for the first quarter rose by more than 157 percent on-year, and revenue grew by about 42 percent approximately 12-point-8 billion U.S. dollars.

This marks the second-highest performance ever for the company, following record-high results in the fourth quarter last year.