Big Tech demanding deals that smooth out memory prices, says SK Hynix

South Korean memory-maker SK Hynix has revealed that it’s struck “around ten” long-term supply deals with key customers, many of them AI players, and hopes the deals smooth out volatile memory prices. The company revealed the deals today, along with Q2 results that saw quarterly revenue reach ₩79.3 trillion ($54.5 billion), a 257 percent year-over-year increase. Operating profit grew by an even larger number: 557 percent year-over-year to ₩60.5 trillion ($41.6 billi