S Korea's top chipmaker to give ₹7 lakh cr to shareholders amid AI boom

SK Hynix, one of South Korea's leading chipmakers, said it would return nearly ₹7.13 lakh crore ($75 billion) to shareholders after reporting a sevenfold increase in quarterly profits amid rising demand for AI infrastructure. It added that its HBM and DRAM chips were already sold out through 2029, with demand for HBM chips being twice its supply capacity.