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00:02South Korean chipmaker SK Hynix reported record third quarter revenue and operating profit on
00:07Wednesday, beating analyst expectations, according to CNBC. Revenue surged 327.9%
00:14year over year to $78.86 billion, topping estimates of $98.34 trillion. Operating profit
00:22climbed 632.1% to $83.33 trillion, exceeding forecasts of $76.72 trillion. The South Korean
00:32chipmaker announced plans to return about $100 trillion to shareholders through dividends
00:36and share buybacks. SK Hynix expects HBM4 shipments and revenue to surpass HBM3E in the fourth quarter.
00:44The chipmaker also expects memory demand to outpace supply through 2030 and plans to increase
00:49investment next year. Shares rose more than 6%. For all things money, visit Benzinga.com.
