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.

South Korean electronics giant warns shortage of parts may continue this year

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