South Korean chipmaker SK hynix reports record profit and plans major investment

South Korean semiconductor company SK hynix has become the country's most profitable company, driven by strong demand for its AI chips. The company also announced plans to invest nearly $13 billion to build a new chip packaging plant in South Korea.

Separately, South Korea's government reported that strong chip exports boosted the country's overall export figures in January. The government also stated it is working to minimize the impact of a new 25% U.S. tariff on advanced computing chips and has agreed with Italy to increase cooperation in the fields of artificial intelligence and semiconductors.