SK Hynix reported a remarkable financial performance in the March quarter, with sales more than doubling and operating income significantly exceeding expectations. This growth is attributed to the surge in demand for memory chips driven by artificial intelligence (AI) applications. The company’s high-bandwidth memory capacity is fully booked for the year, highlighting the critical role it plays in enabling AI advancements. These positive results align with industry trends, as Texas Instruments and Micron Technology have also projected strong revenue outlooks.