SK Hynix, a key supplier of high-bandwidth memory processors to Nvidia, said quarterly profit more than doubled and demand for AI chips was so robust that it expects only limited impact on those products from potential U.

SEOUL -- SK Hynix's profit dipped nearly 8% in the first quarter, though it outperformed market expectations thanks to intensifying AI competition and a rush of orders from clients looking to get ahead of U.S. tariffs.

SEOUL] SK Hynix’s operating profit jumped a bigger-than-expected 158 per cent, helped by both a global race in AI and stockpiling ahead of US tariffs of both advanced chips and memory used in PCs and smartphones.