South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets.

SK Hynix, one of the world’s leading memory chipmakers, announced record-breaking fourth-quarter earnings on Thursday, fuelled by surging demand for high-bandwidth memory (HBM) chips used in artificial intelligence (AI) servers.

South Korea’s SK Hynix, one of the world’s largest memory chipmakers supported by strong sales of high bandwidth memory (HBM) used in generative AI.