SK Hynix flagged plans to lift spending this year on advanced chipmaking after posting a record quarterly profit on Thursday, boosted by strong demand for artificial intelligence chips and customers stockpiling ahead of potential U.

South Korea's SK Hynix posted on Thursday a record quarterly profit, driven by strong demand for advanced chips used in generative artificial intelligence chipsets and as some customers stockpiled semiconductors ahead of potential U.

SK Hynix on Thursday said that a continuous rise in overall prices of its memory products led to a 32% increase in revenue compared with the previous quarter.