Server chips had been the only remaining bright spot in memory chip demand that drove SK Hynix to report a 56% jump in operating profit
The 11% rise in earnings was attributed to demand for memory chips from server customers, which offset inflation-hit smartphone sales
China chipmakers lack the technology to keep it at the forefront of chip design and manufacture, says Jefferies Group analyst Edison Lee.
The world's second-biggest memory chipmaker said on Wednesday its operating profit rose 116% to 2.9 trillion won ($2.3 billion) in the January-March quarter
Earnings at the South Korean company - the world’s largest producer of computer chips and smartphones - are likely to increase further this year