SK Hynix achieved its best-ever quarterly performance during the first quarter. Operating profit increased 405% year-over-year to 37.61 trillion won ($25.4 billion). Revenue rose 198% to 52.58 trillion won ($35.5 billion).
Surging prices and robust demand for high-bandwidth memory (HBM) chips drove the record growth. The company currently serves as a key supplier of AI components to Nvidia.
Global expansion of AI infrastructure boosted demand for both advanced DRAM and conventional NAND flash products. SK Hynix expects favorable pricing conditions to persist as the AI sector scales.