S. Korean chipmaker reports best-ever quarterly performance in Q2

SK hynix appears to have posted its best-ever quarterly performance in the second quarter thanks to surging demand for AI chips including high-bandwidth memory chips.

According to preliminary data from the company on this Thursday its operating profit amounted to around 6-point-7 billion U.S. dollars up nearly 70 percent on year.

Sales also jumped by over 35 percent.

Both operating profits and sales set new all-time quarterly records breaking the previous highs seen in the last quarter of 2024.