SK Hynix swings to profit in Q2 on strong AI chip demand

SEOUL -- SK Hynix reported an operating profit for the second quarter, compared to a loss in the same period a year ago, as the chipmaker benefited from strong demand for artificial intelligence memory chips.

The world's second-largest memory chipmaker said on Thursday that its operating profit came to 5.5 trillion won ($4 billion) for the April-to-June period, turning from a 2.9 trillion won operating loss in the previous year. Revenue increased 124.8% to 16.4 trillion won during the same period.