Nvidia supplier SK Hynix to boost spending on AI chips, after record Q2

Wait 5 sec.

SK Hynix reported a record quarterly profit driven by strong AI chip demand and customer stockpiling amid potential U.S. tariffs. The company plans to increase capital expenditure, primarily for HBM production, to meet growing demand and maintain its competitive edge against Samsung. Despite challenges from potential tariff and competition, SK Hynix expresses confidence in its market position.