AI chip giant SK hynix posts sevenfold surge in quarterly operating profit

T2Covered by 1 source · first reported by Phys.org / ScienceDaily (tech) at 28 Oct, 10:04 UTC

South Korean chip giant SK hynix on Wednesday reported a 632% surge in third-quarter operating profit, fueled by booming demand for AI semiconductors, and unveiled plans to return an additional $45 billion to shareholders.