SEOUL, Oct 29 (Reuters) - South Korea's SK Hynix

posted on Wednesday a record quarterly profit,

spurred by an artificial intelligence boom that has driven up

demand for both advanced chips and conventional products.

The Nvidia ( NVDA ) supplier reported an 11.4 trillion won

($8.02 billion) operating profit for the July-September period,

up 62% from a year earlier.

The figure was in line with an 11.4 trillion won forecast by

LSEG SmartEstimate, which is weighted toward analysts who are

more consistently accurate.

Quarterly revenue for the South Korean firm rose 39% in the

third quarter to 24.4 trillion won.

SK Hynix said it had completed discussions with key

customers regarding high-bandwidth memory (HBM) supply for next

year.

The company added that it planned to begin shipments of its

latest HBM4 products in the fourth quarter after completing

development in September and entering mass production.

A full-scale sales expansion of HBM4 products is planned for

next year, SK Hynix said in a statement.

($1 = 1,421.4800 won)