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South Korean semiconductor company SK Hynix reported a narrower loss in Q3 and expects profits to be driven by the AI boom. Despite a $1.3 billion loss, the company is optimistic about the recovery of its chip business. However, SK Hynix is concerned about potential competition in the Nand memory sector. In other news, Hyundai Motor announced a 151% increase in profits for Q3, largely driven by the surge in SUV sales. SK Hynix also highlighted the growing demand for AI as the memory market recovers.
SK hynix talks up AI demand as memory market recovers https://t.co/JzzCi8HgiD
SUVs are driving a surge in earnings at Hyundai Motor as the South Korean giant said that profits jumped 151% over the third quarter https://t.co/vziSW176eW https://t.co/VPOpyoFIcz
SK Hynix is concerned that the combined company could challenge its position in the Nand memory sector https://t.co/B1C9cDnLZR
In 50 Words: SK Hynix sees chip biz recovery despite $1.3b Q3 loss https://t.co/TIGG5Najaj
SK Hynix says AI boom will drive profits after Q3 loss narrows https://t.co/6d6GtUJZ7L https://t.co/FgBiWCSgcB