Seoul, April 25 (Reuters) - South Korea's SK Hynix 000660.ks on Thursday Posted Its Highest Profit in Nearly Two Years, as Explosive Sales of Its Advanced Dram Chips Such as High Bandwidth Memory (Hbm) Used in Generative AI Chipsets Drove a Steep Performance Improvement.
The World's Second-Biggest Memory Chipmaker and Nvidia Nvda.o Supplier Reported a 2.89 Trillion Won ($2.1 Billion) Operating Profit for the January-March Quarter Versus a Loss of 3.4 Trillion Won a Year Earlier.
It Beat Expectations for a 1.88 Trillion Won Operating Profit Lseg Smartestimate Which Is Weighted Toward Analysts Who Are More Consistently Accurate.
($1 = 1,374.6200 Won)
(Reporting by Joyce Lee and Heekyong Yang; Editing by Himani Sarkar)
((Joyce.lee@Tr.com;))