Chip Heavyweight Hynix’s Revenue Beats as AI Lifts Memory Demand
- AI boosting high-end chip sales, but overall demand still soft
- Hynix gearing up to expand output of high-capacity DRAM
Updated on
SK Hynix Inc. reported better-than-expected revenue, declaring the memory chip market is recovering because of surging interest in artificial intelligence.
The South Korean supplier to Apple Inc. and Nvidia Corp. is gearing up to expand output of its high-end chips to meet AI-driven demand, even as it warned demand overall remains soft.