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SK Hynix logs strong quarter amid questions over Intel deal

South Korean chipmaker insists NAND unit purchase will not break the bank

Sk Hynix could become the world's second-biggest NAND memory chip maker if its deal to by Intel's unit goes through.   © Reuters

SEOUL -- SK Hynix's third-quarter operating profit jumped 175% on the year thanks to strong demand for mobile memory chips and key customer Huawei Technologies stockpiling supplies to beat a U.S. crackdown.

South Korea's second-largest chipmaker said Wednesday that its operating profit hit 1.3 trillion won ($1.1 billion) in the July-September period. Revenue rose 19% to 8.1 trillion won during the period, with net profit soaring 118% to 1.1 trillion won.

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