South Korean memory chipmaker SK hynix posted record operating profit in the July-to-September quarter as demand for AI infrastructure lifted memory chip prices.

SK hynix is closely tied to AI server spending through its partnerships with Nvidia, including a multiyear technology collaboration on AI infrastructure and a broader SK Group effort around AI factories.

On shareholder returns, the company said it will pursue about 100 trillion won (US$75.4 billion) this year.

That includes 30 trillion won (US$22.6 billion) in cash dividends and 60 trillion won (US$45.3 billion) in share repurchases and cancellations, including a previously announced 40 trillion won (US$30.2 billion) program.

SK Hynix also said it has signed long-term agreements with 14 major customers.

🔗 Source: Reuters

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