Nvidia supplier SK Hynix posts record quarterly profit

Reuters
01-23
Nvidia supplier SK Hynix posts record quarterly profit

SEOUL, Jan 23 (Reuters) - South Korea's SK Hynix 000660.KS on Thursday posted a record quarterly profit as the Nvidia NVDA.O supplier saw strong sales of advanced chips such as high bandwidth memory $(HBM)$ used in generative AI chipsets.

According to Reuters calculation, the world's second-biggest memory chipmaker reported a 8.1 trillion won ($5.64 billion) operating profit for the October-December quarter.

That result compared with an 8 trillion won average forecast by LSEG SmartEstimate, which is weighted toward analysts who are more consistently accurate.

($1 = 1,435.1200 won)

(Reporting by Joyce Lee and Hyunjoo Jin; Editing by Leslie Adler)

((joyce.lee@tr.com;))

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