SK Hynix, a key supplier of high-bandwidth memory processors to Nvidia, said quarterly profit more than doubled and demand for AI chips was so robust that it expects only limited impact on those products from potential U.

SK hynix (HXSCF) said Q1 revenues and operating profit achieved the 2nd highest quarterly records, while operating margin improved for 8th consecutive quarters.

SEOUL] SK Hynix’s operating profit jumped a bigger-than-expected 158 per cent, helped by both a global race in AI and stockpiling ahead of US tariffs of both advanced chips and memory used in PCs and smartphones.