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.

South Korean chipmaker SK Hynix, a major supplier to U.S. big tech firms including Nvidia (NVDA) and Apple (APPL), announced strong quarterly results fueled by artificial intelligence (AI) demand. The Seoul-based company reported net income of 8.

US export restrictions are expected to accelerate China's push for self-reliance, including efforts to shift the chip supply chain onshore Huawei Technologies will roll out its new Ascend 920 artificial intelligence (AI) chip later this year,