DevelopingTech · South Africa

AI chip giant SK hynix says quarterly operating profit soars 630 percent

First reported 2026-10-28 01:35 UTC · Updated 2026-10-28 06:36 UTC · 2 independent sources

SK hynix reports a 632 percent surge in third-quarter operating profit driven by AI demand for advanced memory chips, despite falling short of market expectations and facing future challenges like weaker AI spending and increased competition.

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Who reported it

  1. 2026-10-28 01:35 UTCIraqi News via AFP · iraqinews.com ↗
  2. 2026-10-28 06:36 UTCIOL · iol.co.za ↗

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