SK Hynix Quickens AI Investments After Posting Record Profit

SK Hynix Inc. outlined plans to speed up spending on advanced memory production equipment after reporting record earnings, reflecting surging AI demand.

The South Korean company notched a bigger-than-expected 68% jump in operating income in the June quarter. It now aims to accelerate planned investments after gauging potential demand from initial negotiations with customers seeking high-bandwidth memory (HBM) in 2026, according to executives.