(Jan 28): SK Hynix Inc reported its strongest quarterly results to date, underscoring the depth of an artificial intelligence wave that’s triggered an unprecedented surge in memory demand. Operating profit more than doubled to 19.2 trillion won (RM53 billion) in the December quarter, beating the 16.7 trillion won average of analysts' estimates. Revenue climbed to 32.8 trillion won. Shares in SK Hynix, the leading supplier of high-bandwidth memory or HBM for Nvidia Corp’s AI accelerators, have roughly tripled since the start of September. The resulting supply shortfall in both DRAM and NAND is handing manufacturers like SK Hynix immense pricing power.

Source: The Edge Markets January 28, 2026 08:20 UTC