Wednesday, 28 October, 2026
AI Boom Pays Out: SK Hynix Smashes Records with $75B Payout
By TechShots Studio
South Korean chipmaker SK Hynix reported a sevenfold surge in third-quarter operating profit, fueled by relentless AI-driven demand for memory chips. Alongside its record-breaking financial results, the Nvidia supplier unveiled a massive $75.4 billion shareholder return plan for the year, while projecting that memory shortages will persist through 2030.
Read full story at REUTERS