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SK Hynix's quarterly revenue growth has more than doubled, benefiting from strong demand for AI computing power.
SK Hynix has announced that its second-quarter revenue has more than doubled, and that its capital expenditures for the year may exceed previous plans, possibly indicating that the global AI hardware spending spree could continue this year. SK Hynix is an important partner of Nvidia's AI computing chip. The company reported quarterly revenue of 16.4 trillion won ($11.9 billion), better than expected, with high-bandwidth storage chip revenue up more than 250%. Boosted by rising DRAM and NAND prices, operating profit for the three months ending in June also exceeded expectations, reaching 5.47tn won with an operating margin of 33%. SK Hynix said,
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