SEOUL, Oct 28 (Reuters) – South Korean chipmaker SK Hynix reported a more than seven-fold rise in quarterly operating profit to a record high on Wednesday, beating market forecasts, as continued demand for AI infrastructure drove up memory chip prices.
The Nvidia supplier reported operating profit of 83.3 trillion won ($62.8 billion) for the July-September period, compared with 11.4 trillion won a year earlier.
That compared with the 76.7 trillion won LSEG SmartEstimate, which is weighted toward estimates from analysts who are more consistently accurate.
($1 = 1,326.0900 won)
(Reporting by Heekyong Yang and Joyce Lee; Editing by Christopher Cushing)
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