Nvidia supplier SK Hynix plans to boost spending after record Q2 profit
SEOUL: SK Hynix flagged plans to boost spending this year after posting on Thursday a record quarterly profit, as the Nvidia supplier seeks to alleviate investor concerns about slowing growth for artificial intelligence chipsets.
The South Korean chipmaker said demand growth would be driven by new model launches by customers and that it was on track to double high-bandwidth memory (HBM) chip sales for the full year compared to 2024.
