SK hynix reports record quarterly earnings
SK hynix reported record third-quarter earnings on Wednesday, with operating profit rising 38% from the previous quarter to 83.33 trillion won. Quarterly revenue increased 32% to 104.62 trillion won, exceeding 100 trillion won for the first time, driven by booming demand for artificial intelligence memory. The South Korean memory chip maker also outlined plans to return about 100 trillion won ($75.5 billion) to shareholders this year.
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