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SK Hynix to speed up AI investments after posting record profit
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SK Hynix Inc. outlined plans to quicken spending on advanced memory chip capacity after reporting record earnings, reflecting surging AI demand and a drive to stay ahead of rivals.
The South Korean company notched a bigger-than-expected 68% jump in operating income in the June quarter. It now aims to accelerate planned investments preemptively in areas including high-bandwidth memory (HBM), the company said.
Demand for memory is expected to continue to grow with customers launching new products in the second half of the year. The emergence of ChatGPT…
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