Nvidia recently became the first company to reach a $4 trillion market valuation, driven by its near-monopoly in AI chip technology.

President Donald Trump said he considered attempting to break up Nvidia Corp. to increase competition in artificial intelligence chips before finding out “it’s not easy in that business.”

President Donald Trump revealed Wednesday that he once considered breaking up Nvidia (NASDAQ:NVDA) to increase competition in the artificial intelligence chip market, before realizing “it’s not easy in that business.

SK Hynix flagged plans to lift spending this year on advanced chipmaking after posting a record quarterly profit on Thursday, boosted by strong demand for artificial intelligence chips and customers stockpiling ahead of potential U.

Revenue rose over 35% in the June quarter compared with the same period a year earlier, while operating profit jumped nearly 69%, year on year.

South Korea’s SK Hynix, a leading memory chipmaker operating under South Korea’s SK Group, reported record revenue and profit for the second