SK Hynix Profit Soars Seven-Fold on AI Chip Demand, Announces $75 Billion Shareholder Returns
SK Hynix's profits surged by seven-fold due to high AI chip demand, surpassing expectations and leading to a substantial shareholder return program.
Why it mattersSK Hynix reported a seven-fold profit increase driven by AI chip demand and announced a substantial $75 billion shareholder return program, signaling strong mar