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Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts
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Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts
Oct 30, 2024 11:44 PM

SEOUL, Oct 24 (Reuters) - South Korea's SK Hynix ( HXSCF )

on Thursday posted a record quarterly profit as the

Nvidia ( NVDA ) supplier saw strong sales of its advanced chips

such as high bandwidth memory (HBM) ones used in generative AI

chipsets.

The world's second-biggest memory chipmaker reported a 7

trillion won ($5.07 billion) operating profit for the

July-September quarter versus a 1.8 trillion won loss a year

earlier.

That compared with a 6.8 trillion won average forecast by

LSEG SmartEstimate, which is weighted toward analysts who are

more consistently accurate.

($1 = 1,379.9600 won)

(Reporting by Heekyong Yang and Joyce Lee; Editing by

Muralikumar Anantharaman)

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