AustriaThe South Korean chip manufacturer SK Hynix has reported record profits for the second quarter, driven by strong demand for memory chips used in artificial intelligence applications. The company achieved an operating profit of 60.6 billion won (approximately 36.5 billion euros) for the period April to June, representing a 557% increase compared to the same period last year. Despite these impressive figures, SK Hynix fell slightly short of market expectations regarding revenue and operating profit, leading to mixed reactions on the stock market. Nvidia, a major customer of SK Hynix, is among the key players benefiting from this surge in demand.
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