SK Hynix announced on Thursday that its operating profit for the fourth quarter of 2024 soared to a record high, far exceeding market forecasts, fueled by surging demand for artificial intelligence (AI) chips, particularly high-bandwidth memory (HBM). Revenues for the quarter climbed 12% year-on-year to KRW 19.77 trillion, while operating profit surged to KRW 8.1 trillion, marking a staggering 20-fold increase from the previous year.
