# SK Hynix's third-quarter profit rises sevenfold on AI chip demand

> Original title: South Korean chip giant SK Hynix's 3Q profits surge

- Source: Semafor · Technology
- Published: 2026-10-28T11:02:26.000Z
- Bad Influence: https://badinfluence.news/items/cmcqkk9w2htssvwmncbq8ct41
- Original: https://www.semafor.com/article/10/28/2026/south-korean-chip-giant-sk-hynix-sees-third-quarter-profits-surge

## Summary

SK Hynix reported a sevenfold rise in third-quarter profit from a year earlier, driven by surging demand from AI infrastructure buildout. South Korea's GDP growth beat analysts' expectations, and Goldman Sachs raised its growth forecasts for this year and next. Private consumption fell, prompting experts to warn of a growth imbalance and the central bank to cite "semiconductor Dutch disease."