SK Hynix Expects Limited Tariff Impact After Strong Q1

SK Hynix, a key supplier of high-bandwidth memory (HBM) 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 US tariffs.

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Washington has launched an investigation into semiconductor imports, arguing that extensive reliance on foreign production is a national security threat.

There have also been concerns that increased US export controls on chips to China, which have resulted in a US$5.5 billion (S$7.2 billion) hit to Nvidia, could harm SK Hynix.