SK Hynix Q2 profit surges on memory demand but misses market forecast

SemiconductorsSouth Korean chipmaker's earnings come as concerns rise over broader AI-fueled boomSouth Korean chipmaker SK Hynix has benefited from the ongoing boom in demand for semiconductors spurred by artificial intelligence. (Photo by Ahn Seong-bok)STEVEN BOROWIECJuly 29, 2026 08:52 JSTUpdated on July 29, 2026 09:23 JSTSEOUL -- South Korean chipmaker SK Hynix's operating profit soared 557% to 60.54 trillion won ($41.6 billion) in the second quarter from the same period last year, the company said on Wednesday, as the expansion of artificial intelligence infrastructure continued to drive demand for memory chips and other products.