SEOUL : South Korea's SK Hynix saw its fourth-quarter operating profit grow four-fold year on year, helped by strong demand for memory chips from server clients looking to expand their data storage capacity.
The world's second-biggest memory chipmaker, whose clients include Apple Inc, said on Friday operating profit rose to 4.2 trillion won in the October-December quarter, up from 959 billion won a year earlier. It was its highest quarterly profit since 2018, beating an average analyst forecast of 4 trillion won, compiled by Refinitiv SmartEstimate.SK Hynix completed the first phase of its acquisition of Intel's NAND flash memory chip business last month, with its solid-state drive business to be managed by a new unit called Solidigm.
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