South Korea's SK Hynix Inc said it expected a full recovery in memory chips on AI demand, posting its highest profit in nearly two years on sales of advanced DRAM chips with high bandwidth memory (HBM) for use in generative AI chipsets.

SK Hynix Inc. plans to spend about $14.6 billion building a new memory chip complex in South Korea, preparing to meet rapidly growing demand for semiconductors employed in AI development.

South Korean memory maker SK Hynix returned to profitability in the first quarter after last year's downturn with flying colors backed by the AI boom. The chipmaker said on Thursday that it recorded 2.

South Korean memory chipmaker SK Hynix plans to invest 5.3 trillion won ($3.86 billion) to build a chip factory for a new dynamic random access memory (DRAM) chip production base in South Korea, it said on Wednesday.

The South Korean memory-chip maker plans to invest an additional $14.6 billion to expand its semiconductor production capacity to meet growing demand for artificial-intelligence chips.

Nvidia's (NASDAQ:NVDA) supplier SK Hynix plans to expand production capacity of the next-generation dynamic random access memory (DRAM) chip, including high bandwidth memory (HBM) which is a core component of the AI infrastructure.

SK hynix Inc. said Wednesday it will ramp up production capacity of next-generation DRAMs in response to rising demand for artificial intelligence (AI) semiconductors. Earlier in the day, the world's second-largest memory chip maker decided in a board meeting to invest 5.

The chipmaker will build the M15X line next to an existing one that will be dedicated to producing high bandwidth memory chips.