The company's revenue also saw a substantial increase, rising by 47.4% to 11.3 trillion won during the same period. The semiconductor maker is expected to perform even better this year as the demand for AI continues to soar.
Key takeaways:
- SK Hynix, the world's second-largest memory chip maker, swung to operating profit in the fourth quarter as the memory chip industry rebounded from a long slump.
- The company's operating profit totaled 346 billion won ($260 million) for the three months through December 2023, recovering from a 1.9 trillion won operating loss during the same period a year earlier.
- SK Hynix's revenue rose 47.4% to 11.3 trillion won during the same period.
- The company's performance is expected to improve further this year due to soaring demand for semiconductors used in artificial intelligence.