SK hynix, which has been at the forefront of the chip boom, said Wednesday that third-quarter operating profit soared 632 percent to US$62.8 billion thanks to explosive demand for its advanced semiconductors.
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Tech stocks soar as SK hynix adds to rising AI confidence
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SK Hynix unveiled $75 billion shareholder return plan after record profit
SK Hynix Inc. posted a stronger-than-expected seven-fold surge in quarterly profit and unveiled an additional shareholder return program for 2026 worth 100 trillion won ($75 billion), underscoring relentless demand for AI hardware.
SK hynix, which has been at the forefront of the chip boom, said Wednesday that third-quarter operating profit soared 632 percent to US$62.8 billion thanks to explosive demand for its advanced semiconductors.
The sevenfold jump in the chip giant’s earnings come after official data showed South Korea’s GDP growth beat analysts’ expectations, the latest sign of a tech boom driving nationwide economic growth.
Memory chip stocks have had a particularly bad run as of late, but today might mark the beginning of a turnaround. Shares of SK Hynix Inc. closed 10.89% up on Wednesday following better-than-expected third-quarter results , including over 100 trillion won in sales for the first time.
Tech stocks soar as SK hynix adds to rising AI confidence | Since Then
