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.

The world's second-largest memory chipmaker said in a regulatory filing that its fourth-quarter net income reached 8 trillion won ($5.6 billion), shifting from a loss of 1.37 trillion won a year earlier, reports Yonhap news agency.

SK Hynix Inc.’s shares slid 4.7% after its record quarterly profit and modest capex plans failed to impress investors betting on insatiable AI demand for advanced memory chips.

SK Hynix is on the brink of potentially overtaking Samsung Electronics in operating profit this year, signaling a historic shift in the domestic semiconductor landscape. Analysts estimate that SK Hynix’s operating profit surpassed that of Samsung’s chip division last year,

SK Hynix has posted its strongest-ever quarterly and annual performance. The record earnings reflect the firm’s rising dominance in the High Bandwidth Memory (HBM) chip

South Korea’s SK Hynix posted an operating profit of 8.08 trillion won ($5.6 billion) in the December quarter, slightly above the 8 trillion won average forecast by LSEG SmartEstimate. The company also boosted its annual dividend by 25% to 1,

SK Hynix Inc (KS:000660), a key Nvidia supplier, reported a record fourth-quarter operating profit, soaring 2,236% to 8.08 trillion won ($5.64 billion), slightly exceeding Reuters forecast of 8 trillion won.