The South Korean memory-chip maker reported record quarterly and annual results after stronger-than-expected earnings for the final quarter of 2024 on robust chip demand.

South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.

SK Hynix, South Korea’s leading chipmaker, posted record earnings last year on the back of strong demand for high-bandwidth memory (HBM) used in generative artificial intelligence (AI) systems and increased sales of high-performance DRAM.