The company’s Q4 revenue increased by 12%, and its operating profit rose by 15%, making for its best quarter ever, SK Hynix said in a statement. The company also announced that its revenue for the year was 66.1930 trillion won (roughly $46.13 billion). SK Hynix raised its annual fixed dividend for shareholders by 25%.

SK Hynix CFO Kim Woohyun said that the outlook for memory demand in 2025 was clouded by inventory adjustments, protective trade policies and geopolitical risks.

TL;DR: SK hynix reported record profits in 2024, driven by high demand for its HBM memory used in AI chips, achieving sales of 66.1 trillion won and operating profits of 23.4 trillion won.

SK hynix, the world’s second-largest memory chip-maker, is under fire despite announcing hefty incentives for staff following record-high profits in 2024, driven by the global artificial ...

(Bloomberg) -- This year’s 30% AI-driven rally in shares of South Korea’s SK Hynix Inc. faces threats as political issues and valuations push local investors toward domestic-focused companies.

The South Korean memory-chip maker posted stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.

South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would more than double this year, after reporting a quarterly profit record that beat a results estimate for rival Samsung.

HONG KONG (AP) — Asia markets are mostly higher on Friday following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports. U.S. futures and oil prices rose.

Most Asian markets rose on Friday following encouraging earnings updates from Apple and Intel. Seoul stocks underperformed amid a

European stocks are seen opening broadly lower on Friday despite Apple posting a record revenue and Intel beating earnings and

Tesla stock is usually volatile after earnings. Technical analysts can help fundamentally minded investors work through the inevitable ups and downs. “Tesla’s last [resistance] was near $440, and its most recent low point was around $370,

In its earnings presentation, Tesla maintained its timeline for self-driving robotaxis. FSD is short for Full Self Driving, Tesla’s highest-level driver assistance feature. Tesla uses AI computing to train cars to drive themselves.