South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its advanced chips, and said demand for high-bandwidth memory (HBM) chips would continue to outpace supply next year.

The third-quarter sales exceeded the previous record of 16.4 trillion won in the second quarter of this year. Its operating profit and net profit renewed the previous records of 6.47 trillion won and 4.69 trillion won, respectively, in the third quarter of 2018 during the semiconductor super boom.

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier booked strong sales of its advanced chips, and said demand for high-bandwidth memory (HBM) chips would continue to outpace supply next year.

South Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as high bandwidth memory (HBM) ones used in generative artificial intelligence (AI) chipsets.

SK Hynix sees HBM sales making up 40 per cent of its total Dram revenue in the fourth quarter, up from 30 per cent in the third quarter, and added it expects memory chip demand for AI servers to grow further next year as global tech companies continue developing generative AI.

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as high bandwidth memory (HBM) ones used in generative AI chipsets.

SK hynix Inc. said Thursday its third-quarter sales and profit hit all-time highs on robust demand for its premium artificial intelligence memory chips. The world's second-largest memory chipmaker posted a net income of 5.

Investing.com-- South Korea’s SK Hynix Inc (KS:000660) on Thursday clocked a stronger-than-expected third-quarter profit as the memory chip giant saw strong sales of its advanced chips for use in artificial intelligence applications.