Memory chipmaker SK Hynix has returned to profitability after five quarters of losses, thanks to increased demand for high-bandwidth memory chips used in AI applications. Their revenue also surged to the highest recorded amount in over six months. To meet the growing demand, SK Hynix plans to increase production capacity and introduce new memory chip products, positioning itself to benefit further from the AI technology boom.
Huawei, a Chinese telecommunications company, has seen a significant increase in profits in 2023. Factors contributing to this success include better product offerings, such as the popular Mate 60 Pro smartphone, and a 9.6% revenue growth. The company's intelligent automobile solutions business has also experienced strong growth, indicating a diversification of its revenue streams.
