134 stories mentioning SK HynixUpdated 1d ago
SK Hynix shares jumped on reports it is eyeing a US Nasdaq listing in August, while chip-plant expansions face delays from a concrete-transport workers' strike.
SK Hynix (KRX:000660) posted a 1,242% jump in profit attributable to owners of the parent to 93.8 trillion won in the second quarter from 6.997 trillion won a year earlier, according to a Wednesday regulatory filing.The chipmaker's net sales rose 257% to 79.3 trillion won from 22.2 trillion won for the three months ended June 30, which it attributed to strong demand for high-value memory products.
SK Hynix (KRX:000660) reported a 1,241% year-over-year jump in attributable net profit for the second quarter, which it attributed to strong demand for high-value memory products amid strong AI demand.Attributable net profit surged 13-fold to 93.82 trillion won from 6.997 trillion won a year earlier, according to a Korea bourse filing early Wednesday.Net profit margin during the first half reached 118%.The South Korean memory chipmaker posted a 257% year-over-year jump in revenue to 79.3 trillion won from 22.2 trillion won, marking an all-time quarterly high for the company and pushing cumulative first-half revenue above 100 trillion won for the first time in its history, according to a press release.Cumulative revenue totaled 131.9 trillion won in the first half, up 231% from 39.9 trillion won a year prior."Driven by sustained demand growth from expanding AI infrastructure investments, high-performance products for AI servers led price increases, enabling the company to surpass its previous record set in the prior quarter," SK hynix said.The company expects the momentum in memory demand to persist as major tech companies ramp up their AI infrastructure spending, raising demand for its products.SK hynix supplies advanced memory chips to major global tech companies including Nvidia, Microsoft, Apple and Amazon Web Services, among others.The company said it began mass shipments of its new HBM4 product in the second quarter and will ramp up production in the second half of the year.SK Hynix added that it has finalized long-term agreements with around 10 customers, including key strategic partners, and is continuing further talks with major industry clients.In recent days, the company struck major investment deals to support the AI boom, including a memorandum of understanding with Nvidia last week to co-develop next-generation AI memory.The long-term partnership, amounting to $500 billion, was announced during South Korean President Lee Jae Myung's visit to San Francisco.Also last week, the company disclosed plans to build P&T7, its next-generation advanced packaging and testing facility, in South Korea's Cheongju, with a total investment of 7.09 trillion won.
South Korean stocks plunged on Tuesday as a sharp sell-off in semiconductor heavyweights dragged the benchmark KOSPI down over 10%, triggering market-wide circuit breakers. Shares of major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Energy Solution (KRX:373220) declined 13%, 15%, and 6%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 732.09 points, or 10.8%, to end at 6,023.66. The Kosdaq also declined by 59.01 points, or 7.7%, to close at 705.85.In economic news, South Korea's consumer sentiment improved in July, with the Composite Consumer Sentiment Index rising 0.2 points to 106.8, according to data from the Bank of Korea on Tuesday.The reading compared with the 106.6 level recorded in the previous month. A reading above 100 indicates optimism, while a reading below suggests a deteriorating outlook.Inflation expectations for the upcoming 12 months fell 0.1 percentage point to 2.7%.In corporate news, Daewoo Engineering & Construction (KRX:047040) secured a contract worth 273 billion won from Korea Electric Power (KRX:015760) subsidiary Korea South-East Power for the design, procurement, and technical support for a heat and power plant.Under the contract, Daewoo Engineering & Construction will supply gas and steam turbine generators, heat recovery steam generators, and related equipment for the Songsan combined heat & power plant in Gyeonggi province's Hwaseong, according to a Tuesday filing with the Korea Exchange.The contract runs from July 27, 2026, to Nov. 30, 2029.Shares of Daewoo Engineering & Construction plunged 12% at market close, while those of Korea Electric Power fell 7%.
SK Hynix (KRX:000660) said that it has upgraded its fourth-quarter purchases from affiliate SK Innovation Co. to 30.42 billion won, revising it upward from the earlier estimate by over 20%, according to a Monday filing with the Korea Exchange.The company said that the transaction includes 8.68 billion won for LNG terminal services, 16.58 billion won for mySUNI usage and learning content and infrastructure services, and 5.16 billion won for electricity trading services.The transactions are scheduled between October 1 and December 31.
SK Hynix (KRX:000660) said that it has upgraded its third-quarter purchases from affiliate SK Inc to 120.64 billion won, revising it upward from the earlier estimate by over 20%, according to a Monday filing with the Korea Exchange.The company said that the transaction includes 31.36 billion won for infrastructure and system improvement and development services and 65.28 billion won for infrastructure system operation and maintenance services.The transactions are scheduled between July 1 and September 30.
SK Hynix (KRX:000660) said that it has upgraded its fourth-quarter purchases from affiliate SK Inc to 704.45 billion won, revising it upward from the earlier estimate by over 20%, according to a Monday filing with the Korea Exchange.The company said that the transaction includes 637.45 billion won for infrastructure and system improvement and development services and 67 billion won for infrastructure system operation and maintenance services.The transactions are scheduled between October 1 and December 31.
Shares of ChangXin Memory Technologies (SHA:688825) surged 466% on their Shanghai Stock Exchange debut Monday, propelling the DRAM chipmaker past Industrial and Commercial Bank of China (SHA:601398, HKG:1398) to become the most valuable company listed in the mainland.The stock opened at 49.50 yuan on the STAR Market, versus an IPO price of 8.66 yuan, lifting CXMT's market capitalization to 3.311 trillion yuan in the first minutes of trade, sharply up from the 579.2 billion yuan implied during the IPO process.At the closing price of 49 yuan, CXMT is now valued at 3.278 trillion yuan, topping ICBC's 2.63 trillion yuan market capitalization, according to FactSet data obtained by.CXMT is the world's fourth-largest DRAM maker next to Samsung Electronics (KRX:005930), SK hynix (KRX:000660) and Micron.Jefferies analysts expect CXMT's market share gain to accelerate as the global supply of memory "is unlikely to ease in the coming years."For the first half of 2026, CXMT expects to book 50 billion yuan to 57 billion yuan in attributable profit, versus a net loss of 2.33 billion yuan a year earlier.Revenue is projected to skyrocket 613% to 677% year over year, ranging between 110 billion yuan and 120 billion yuan.Following CXMT's blockbuster listing, Shanghai shares rose 1.2%, while the tech-heavy Shenzhen bourse jumped 2.7%.Reuters reported earlier, citing analysts at HSBC Qianhai Securities, that the IPO is likely to divert capital away from the broader market both ahead of and during its first trading session.Meanwhile, analysts at Morningstar said in a note on Friday that while AI is increasingly becoming a national security issue for China, CXMT looks set to benefit from the AI boom.
South Korean stocks rallied on Monday, led by technology shares, as a halt in Middle East hostilities lifted investor sentiment.The U.S. and Iran paused strikes in recent days, raising hopes of another possible ceasefire and pushing Brent and West Texas Intermediate (WTI) crude prices down nearly 5% after last week's rally. Meanwhile, the U.S. 10-year Treasury yield remained near 4.7% ahead of the Federal Reserve's interest rate decision on Wednesday.The Korea Composite Stock Price Index, or Kospi, increased by 65.13 points, or nearly 1%, to end at 6,755.75. The Kosdaq also rose by 16.64 points, or 2.2%, to close at 764.86.In corporate news, Samsung Electronics (KRX:005930) signed a memorandum of understanding with U.S.-based semiconductor and infrastructure software firm Broadcom worth $200 billion, the South Korean chipmaker said in a press release on Saturday.The agreement is expected to broaden their partnership in memory and foundry operations to support next-generation AI infrastructure.Shares of Samsung Electronics added nearly 2% at market close.In other news, SK Group, the parent of SK Hynix (KRX:000660), signed a memorandum of understanding with U.S.-based chipmaker Nvidia to secure and co-develop next-generation AI memory, Nvidia said in a press release on Friday.The two companies will jointly develop and optimize next-generation AI memory, including high-bandwidth memory (HBM), for AI infrastructure spanning large language models, agentic AI and physical AI, according to the release.Shares of SK Hynix increased more than 3% at market close.Additionally, Naver (KRX:035420), Nvidia, and private-equity firm Brookfield proposed expanding South Korea's sovereign AI factory infrastructure by increasing the planned Nvidia DSX AI factory deployment to 200 megawatts from the 55-megawatt project announced in June, Nvidia said in a press release on Friday.The expanded facility will be built at Naver's GAK Sejong hyperscale data center in South Korea's Sejong. Nvidia plans to invest $1 billion in Naver, while Brookfield signed a non-binding term sheet to provide up to $9 billion in funding, with Naver financing the balance.Shares of Naver jumped nearly 9% at market close.
Naver (KRX:035420), Nvidia, and private-equity firm Brookfield proposed expanding South Korea's sovereign AI factory infrastructure by increasing the planned Nvidia DSX AI factory deployment to 200 megawatts from the 55-megawatt project announced in June, Nvidia said in a press release on Friday.The expanded facility will be built at Naver's GAK Sejong hyperscale data center in South Korea's Sejong. Nvidia plans to invest $1 billion in Naver, while Brookfield signed a non-binding term sheet to provide up to $9 billion in funding, with Naver financing the balance, the release said.The long-term partnership was disclosed during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) also disclosed partnerships with US firms.Shares of Naver added over 7% in recent trade.
SK Group, the parent of SK Hynix (KRX:000660), signed a memorandum of understanding with U.S.-based chipmaker Nvidia to secure and co-develop next-generation AI memory, Nvidia said in a press release on Friday.The two companies will jointly develop and optimize next-generation AI memory, including high-bandwidth memory (HBM), for AI infrastructure spanning large language models, agentic AI and physical AI, according to the release.The long-term partnership, amounting to $500 billion, was announced during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms Samsung Electronics (KRX:005930) and Naver (KRX:035420) also announced partnerships with US firms.Shares of SK Hynix fell more than 1% in recent trade. Shares of Samsung Electronics declined nearly 1%, while those of Naver added over 9%.
Samsung Electronics (KRX:005930) signed a memorandum of understanding with U.S.-based semiconductor and infrastructure software firm Broadcom worth $200 billion, the South Korean chipmaker said in a press release on Saturday.The agreement is expected to broaden their partnership in memory and foundry operations to support next-generation AI infrastructure.The five-year partnership was announced during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms SK hynix (KRX:000660) and Naver (KRX:035420) also announced partnerships with US firms.Shares of Samsung fell over 1% in recent trade.
SK Hynix (KRX:000660) capped the conversion of its Korea-listed shares into U.S.-traded American depositary receipts (ADRs) at 2.5% of total outstanding shares, Bloomberg News reported Thursday, citing the Korea Securities Depository.The limit has already been fully utilized through the chipmaker's $26.5 billion ADR offering, which was concluded on July 10, the report said.Investors will be able to convert Korean shares into ADRs only when existing ADR holders convert them back into Korean shares. The ADR issuance and cancellation books will remain closed until July 29, it said.SK Hynix did not immediately respond to' request for comment.Shares of the chipmaker jumped nearly 5% at market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumors and speculation. Accuracy is not guaranteed.)
South Korean shares closed sharply higher for a third consecutive day, driven by a rally in technology shares after Alphabet's strong second-quarter earnings.The Korea Composite Stock Price Index, or Kospi, increased by 299.19 points, or 4.4%, to end at 7,096.89. The Kosdaq also rose by 39.19 points, or 5.2%, to close at 790.28.Shares of Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) gained nearly 4% and 5%, respectively, at market close.In economic news, South Korea's GDP grew 3.7% year over year in the second quarter, according to advance estimates released by the Bank of Korea on Thursday.The pace of growth weakened marginally from the 3.8% expansion recorded in the previous quarter, but beat the consensus forecast for a 3.5% expansion, tracked by Investing.com.In corporate news, Samsung Heavy Industries (KRX:010140) signed a memorandum of understanding with U.S. nuclear power plant design firm Sargent & Lundy to develop a floating small modular reactor standard platform.Shares of Samsung Heavy Industries jumped over 9% at market close.
SK Hynix (KRX:000660) plans to build P&T7, its next-generation advanced packaging and testing facility, in South Korea's Cheongju, the chipmaker said in a Wednesday filing with the Korea Exchange.The company will invest a total of 7.09 trillion won to build the facility. The new production base is aimed at meeting the global demand for AI memory semiconductors.The facility is expected to be built by Dec. 31, 2032.
SK Hynix (KRX:000660) denies that it has pursued or decided to acquire Intel's Ohio site and Fab as specifically reported in a JoongAng Ilbo article dated July 22.The company acknowledges that it continuously reviews various investment and acquisition opportunities as part of its normal business operations, according to a bourse filing on Wednesday.However, the company confirms that no such transaction regarding Intel's Ohio facility has been pursued or finalized.
South Korean stocks plunged more than 4% on Monday as investor concerns shot up due to escalating Middle East tensions.The Korea Composite Stock Price Index, or Kospi, decreased by 304.33 points, or 4.5%, to end at 6,516.27. The Kosdaq also fell by 42.2 points, or 5.3%, to close at 749.64.The U.S. military said Monday that it carried out a ninth straight night of strikes on Iran, targeting command centers, air defenses, missile facilities and other military infrastructure, while a U.S. service member died in northern Iraq during the controlled disposal of an unexploded Iranian drone.Several locations in Bushehr, the capital of Iran's southwestern Bushehr province, were hit in an attack, the province's governor said, Mehr News Agency reported.In economic news, the per capita gross domestic product (GDP) of South Korea is estimated to increase 7.6%, or up $2,750, on-year to about $39,164 this year, Yonhap News reported Sunday, citing data from local analysts.The projected per capita GDP growth will be the strongest annual jump since the 11.5% recorded in 2021, according to the report.In corporate news, the brand value of Samsung Group, the parent group of Samsung Electronics (KRX:005930) and Samsung Biologics (KRX:207940), jumped 8.9% to $97.4 billion in 2026 from $89.4 billion in 2025, British consulting firm Brand Finance said in a Sunday report.The group ranked eighth in Brand Finance's ranking of the top 100 tech companies globally.SK Hynix (KRX:000660) rose one place to 28th, LG Corp (KRX:003550) slipped eight spots to 44th, Coupang slipped one position to 49th, and Naver (KRX:035420) moved up five places to 95th, according to the report.Shares of Samsung Electronics and SK Hynix fell nearly 4% at market close, while Samsung Biologics declined 3%. Shares of Naver fell over 2% at market close.
The brand value of Samsung Group, the parent group of Samsung Electronics (KRX:005930) and Samsung Biologics (KRX:207940), jumped 8.9% to $97.4 billion in 2026 from $89.4 billion in 2025, British consulting firm Brand Finance said in a Sunday report.The group ranked eighth in Brand Finance's ranking of top 100 tech companies globally.SK Hynix (KRX:000660) rose one place to 28th, LG Corp (KRX:003550) slipped eight spots to 44th, Coupang slipped one position to 49th, and Naver (KRX:035420) moved up five places to 95th, according to the report.Shares of Samsung Electronics fell more than 4%, while Samsung Biologics declined 3%. Shares of SK Hynix declined more than 4%, and those of Naver fell nearly 3%.
South Korean prosecutors have raided the local offices of three foreign semiconductor firms as part of an antitrust investigation into alleged price-fixing of memory interface chips.The Fair Trade Investigation Division of the Seoul Central District Prosecutors' Office conducted searches and seizures at the South Korean headquarters of China's Montage Technology (SHA:688008, HKG:6809), Japan's Renesas Electronics (TYO:6723) and U.S.-based Rambus. All three companies are suppliers of critical components to global memory companies Samsung Electronics (KRX:005930), SK Hynix (KRX:000660) and Micron Technology.Together, all three suppliers account for over 93% of the global supply for memory interface chips, according to semiconductor platform IC&PCB Union on Thursday. These components are vital for the mass production of high-speed DDR4 and DDR5 RAM, which manage and accelerate data transfer speeds between processors and memory modules.In a Hong Kong filing on Thursday, Montage Technology confirmed the on-site investigation, saying it is fully cooperating with the probe. Montage noted that its operations remain normal and no charges have been filed against the company or its employees.South Korea is a vital market for Montage, accounting for more than half, or 2.93 billion yuan, of its overall 5.46 billion yuan revenue in 2025.Alongside the disclosure, Montage issued a positive profit alert on Friday, forecasting that its group revenue for the first half of 2026 will rise 26.6% year over year to roughly 3.34 billion yuan. It also projects first-half net profit to jump between 63.9% and 81.2% to a range of 1.9 billion to 2.1 billion yuan, driven by booming global demand for AI infrastructure.To stabilize its valuation, Montage also announced that its Chairman and CEO Yang Chonghe has proposed an A-share buyback program valued between 300 million yuan and 600 million yuan.Renesas, Rambus, Samsung, and SK Hynix have not yet publicly commented on the investigation.has reached out to the companies for comment.In late-afternoon trading in Shanghai, Montage's shares fell nearly 10%, while its Hong Kong shares tumbled almost 6%. Renesas plunged nearly 8% in Tokyo.
South Korean shares fell sharply on Thursday, led by steep declines in technology stocks as escalating Middle East tensions took a toll on investor sentiment. Market heavyweights Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) led the losses with declines of nearly 9% and 12%, respectively.The Korea Composite Stock Price Index, or Kospi, decreased by 463.81 points, or 6.4%, to end at 6,820.6. The Kosdaq also fell by 37.59 points, or 4.5%, to close at 791.84.In economic news, the Bank of Korea raised its benchmark interest rate by 25 basis points to 2.75% from 2.50%, according to a Thursday press release.This rate increase is the first by the South Korean central bank in 3.5 years.Bank of Korea data indicates that foreign investors pulled a record $30.7 billion from Korean securities, including stocks and bonds, during June. The withdrawal represented the fifth consecutive month of net portfolio outflows, dating back to February.The outflow value in June was the second largest on record, after a $36.55 billion outflow in March, and was equivalent to about 47.6 trillion won based on the end-June exchange rate of 1,548.7 won per U.S. dollar.In corporate news, DL Holdings (KRX:000210) was selected as the preferred bidder for the Pyeongtaek Godeok A-69BL and A-71BL integrated public housing project, commissioned by Korea Land and Housing Corporation, according to a Thursday filing with the Korea Exchange.The project has an estimated construction value of 216.9 billion won, including the value added tax. The estimate represents DL Holdings' 33% share of the total contract value of 657.2 billion won, the filing said.Under the project, DL Holdings will build an integrated public housing complex of 1,995 rental and for-sale apartment units, along with related amenities and welfare facilitiesShares of the company fell by 1% at market close.In other news, Hanwha Ocean (KRX:042660) secured an order for the construction of two very large crude carrier (VLCC) vessels worth 394.3 billion won from an unnamed North American shipper, according to a Wednesday filing with the Korean Exchange.Delivery is expected by March 31, 2030, with payments tied to construction milestones.Shares of Hanwha Ocean rose nearly 6% at market close.
The Bank of Korea unanimously raised its benchmark seven-day repurchase rate by 25 basis points to 2.75% on Thursday, marking its first interest rate hike in three and a half years.The monetary policy board, led by Governor Shin Hyun-song, pivoted back to tightening to combat persistent inflationary pressures exacerbated by rising energy costs and ongoing geopolitical volatility in the Middle East.The central bank flagged that further rate hikes remain on the table as consumer price inflation, which hit 3.2% in June, is projected to stay above its 2% target.The decision aligns with market expectations as strong AI-driven semiconductor exports continue to support the domestic economy.However, the tightening cycle comes amid warnings of a significant negative interest rate buffer. In a July 10 note, ING economist Padhraic Garvey noted that South Korea's negative interest rate buffer of -1.2% and weak won exchange rates put immense pressure on the central bank to tighten policy.Following the announcement, Capital Economics senior economist Gareth Leather noted that strong export performance and housing market risks give the Bank of Korea the capacity to raise interest rates further in the coming months.
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