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Memory chip giant SK Hynix returns to profit on strong AI demand
Memory chip giant SK Hynix returns to profit on strong AI demand
Economy
by  AFP

The world's second-largest memory chip maker, South Korea's SK Hynix, said on Thursday it had returned to profit after four consecutive quarters of losses driven by demand for chips used in artificial intelligence. SK Hynix is South Korea's second most valuable company, with market capitalisation of more than 101 trillion won, trailing Samsung Electronics' 443 trillion won.