Nvidia supplier SK Hynix logs bumper Q1, sees limited tariff impact on AI chips
SEOUL (Reuters) -SK Hynix, a key supplier of high-bandwidth memory processors to Nvidia, said quarterly profit more than doubled and demand for AI chips was so robust that it expects only limited impact on those products from potential U.S. tariffs. There have also been concerns that increased U.S. export controls on chips to China, which have resulted in a $5.5 billion hit to Nvidia, could harm SK Hynix. "Regarding our HBM business, what we can clearly state is that there has been no change to our sales plans for this year to key customers, which remain in line with the levels set in previously signed contracts," Kim Ki-tae, the company's head of HBM sales & marketing, told an earnings briefing.