Under the trend of AI, SK Hynix's quarterly performance has hit a record high.

NVIDIA supplier SK Hynix announced record performance, with net profit in the first quarter increasing nearly four times driven by the surge in demand for AI storage chips. The world's second largest storage chip manufacturer continues to increase investment to enhance production capacity, aiming to capitalize on the industry boom driven by AI. The South Korean company said on Thursday that in the three months ending in March, its net profit reached a record 40.346 trillion Korean won. This number represents a 398% increase compared to the same period last year. This performance far exceeded market expectations. Analysts compiled by FactSet had an average forecast of 28.109 trillion Korean won. Revenue also hit a record, tripling from the same period last year to 52.576 trillion Korean won, resulting in a record operating profit of 37.610 trillion Korean won. The company stated that its operating profit margin for the quarter reached a record 72%. Since the beginning of the year, the company's stock price has surged by nearly 90%, reflecting investors' optimistic outlook on SK Hynix's growth prospects. Most analysts expect the company to achieve record annual earnings in 2026. Prior to releasing its financial report, SK Hynix announced plans to invest an additional 19 trillion Korean won to build an advanced chip packaging plant in Cheongju, South Korea, with construction scheduled to begin this month. The company has already constructed a chip packaging facility in Indiana, USA. In a regulatory filing, the company stated that this investment is aimed at meeting the increasing global demand for AI storage chips. Additionally, the company is building a massive semiconductor manufacturing center in Icheon, south of Seoul, with an estimated investment of 600 trillion Korean won. In February of this year, the company announced an additional investment of 22 trillion Korean won for the first of four chip manufacturing plants at the site, bringing its initial investment commitment in the area to 31 trillion Korean won.