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AI News from ET - SK hynix posts record profits on surging AI demand

Vishwadeep Khatri
in AI News & Two Lenses

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South Korean chip giant SK hynix reported record quarterly profits Thursday thanks to soaring demand for artificial intelligence. It comes after Taiwan chip giant TSMC last week announced a surge in net profit for the second quarter, topping forecasts, thanks to robust demand for AI technology, despite the threat of US tariffs on the critical sector.

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