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.

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, a key memory chip supplier to Nvidia, achieved record-breaking sales and operating profit last year, driven by strong demand for high-end semiconductors such as high bandwidth memory (HBM).