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.
Gaon Cable(KRX:000500) on Wednesday said it has supplied distribution cables worth "tens of billions" of won to SK Hynix's (KRX:000660) semiconductor cluster in Yongin, South Korea.The company said it is also negotiating tens of billions of won in additional supply for the second half and pursuing a U.S.-led semiconductor power infrastructure project.
Samsung (KRX:005930) is in early-stage talks with banks about a possible American depositary receipt offering, though no final decision has been made, Bloomberg News reported on Tuesday, citing persons familiar with the matter.The company is weighing factors such as volatile memory chip stocks and potential challenges from its complex business structure and ongoing labor disputes, the news wire said.While Samsung previously passed on similar opportunities, the successful US listing of rival SK Hynix (KRX:000660) has prompted the company to revisit the idea, though current efforts remain exploratory, the publication said.Samsung did not immediately reply to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
South Korean stocks closed higher on Tuesday, led by gains in technology stocks, although investor sentiment remained cautious amid renewed Middle East tensions and uncertainty over the AI sector's outlook. Shares of market heavyweights Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) closed over 3% and nearly 4% at market close.The Korea Composite Stock Price Index, or Kospi, increased by 49.9 points, or 0.7%, to end at 6,856.83. The Kosdaq fell by 15.38 points, or 1.9%, to close at 783.98.In economic news, the Bank of Korea is projected to raise its benchmark interest rate by 25 basis points to 2.75% at its upcoming monetary policy meeting on Thursday, according to a Reuters poll of economists published on Tuesday.The move would mark the central bank's first interest rate hike in more than three years.Out of 37 economists surveyed by Reuters between July 7 and July 13, 36 forecast a rate increase this week.Driven by persistent inflation pressures that remain well above the central bank's 2% target, the majority of economists also expect policymakers to implement an additional rate hike before the end of 2026.On the corporate front, Hyundai Motor Securities (KRX:001500) will issue a derivative-linked bond worth 5 billion won, the company said in a Monday filing with the Korea Exchange.Subscriptions and payment are scheduled for Wednesday, July 15.Shares of Hyundai Motor Securities fell nearly 2% at market close.
The Bank of Korea has dismissed concerns that the global semiconductor market has peaked, forecasting continued expansion driven by artificial intelligence, Yonhap News Agency reported Monday.The central bank, in a written response submitted to People Power Party lawmaker Park Sung-hoon, said semiconductor demand has increased significantly due to AI infrastructure investment, while the pace of supply expansion remains slow.The domestic semiconductor market is dominated by Samsung Electronics (KRX:005930) and SK hynix (KRX:000660).(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
SK Hynix (KRX:000660) shares opened roughly 2% lower Monday in South Korea, its first trading day back home since its blockbuster debut in the US.The South Korean chipmaker listed on the US Nasdaq on Friday, July 10, after initial filings in late June. It raised $26.5 billion from its oversubscribed sale of American depositary receipts, setting the record for the biggest listing by a foreign corporation. It ended the session nearly 13% in the green.Chief Executive Kwak Noh-Jung marked the milestone with an opening bell ceremony in New York, along with SK Group Chairman Chey Tae-won and SK Square Executive Vice Chairman Chey Jae-won."SK hynix seeks to be wherever AI is, continually demonstrating our technology leadership," the CEO said. "The United States is the epicenter of AI. The customers leading AI innovation are here, the partners building the ecosystem are here, and the talent driving the industry is here. This listing strengthens our connection to all of them."Meanwhile, Nasdaq President Nelson Griggs said the "historic listing" will help support the Asian semiconductor giant's global expansion.The ADR offering will close Tuesday ET, with new common shares underlying the ADRs to be listed on the KOSPI Market on July 29, Korea time.
SK Hynix (KRX:000660) commenced trading in the US on July 10 with the listing of American depositary receipts on the Nasdaq, according to a statement issued the same day.The South Korean chipmaker said it expects the debut to expand its global investor base and bolster its standing as a "core AI partner." It sold the ADRs at $149 apiece to raise a record $26.5 billion.New common shares underlying the ADRs will be listed on the KOSPI Market on July 29.
U.S. Secretary of Commerce Howard Lutnick pressed South Korean chipmakers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) to boost memory chip production in the U.S. to help ease the global shortage of key AI components, Bloomberg News reported Friday.The two chipmakers plan to invest a total of $880 billion in new chip facilities ahead to meet AI-driven memory demand. Lutnick said he is in talks with both firms to expand memory chip production in the U.S., following their U.S.-based rival Micron's decision to raise its planned U.S. investment to $250 billion by 2035.Lutnick's comments came ahead of SK Hynix's U.S. market debut on the Nasdaq on Friday, with the company set to use proceeds to boost its chip production capacity.Samsung Electronics and SK Hynix did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Japanese stocks maintained their positive run to close with gains, tracking the rally by tech stocks in the US, as investors chose to move past the renewed tensions in the Middle East.The benchmark Nikkei 225 closed up 813.88 points or 1.20%, at 68,557.73.Overnight, Nasdaq closed with sharp gains on the news of Micron Technology's plans to invest more than $250 billion in the US through 2035. Investors are also closely eying SK Hynix's (KRX:000660) estimated $26.5 billion US market debut on Friday.Sentiment was also lifted by positive economic data back home. Japan's producer price index (PPI) rose 7.1% year over year in June, which was higher than the consensus forecast of a 6.8% increase by Investing.com, and was faster than a 6.6% increase in the previous month, according to preliminary data released by the Bank of Japan on Friday.On the corporate side, Kyushu Financial Group (TYO:7180) repurchased 597,600 common shares in June through market purchases for 865.2 million yen, according to a Friday filing on the Tokyo Stock Exchange.Also, Celsys (TYO:3663) raised its first-half net profit forecast to 42.3% at 1.50 billion yen, up from its previous forecast of 1.05 billion yen for the six months ended June 30.
Japanese stocks maintained their positive run to close with gains, tracking the rally by tech stocks in the US, as investors chose to move past the renewed tensions in the Middle East.The benchmark Nikkei 225 closed up 813.88 points or 1.20%, at 68,557.73.Overnight, Nasdaq closed with sharp gains on the news of Micron Technology's plans to invest more than $250 billion in the US through 2035. Investors are also closely eying SK Hynix's (KRX:000660) estimated $26.5 billion US market debut on Friday.Sentiment was also lifted by positive economic data back home. Japan's producer price index (PPI) rose 7.1% year over year in June, which was higher than the consensus forecast of a 6.8% increase by Investing.com, and was faster than a 6.6% increase in the previous month, according to preliminary data released by the Bank of Japan on Friday.On the corporate side, Kyushu Financial Group (TYO:7180) repurchased 597,600 common shares in June through market purchases for 865.2 million yen, according to a Friday filing on the Tokyo Stock Exchange.Also, Celsys (TYO:3663) raised its first-half net profit forecast to 42.3% at 1.50 billion yen, up from its previous forecast of 1.05 billion yen for the six months ended June 30.
South Korean markets surged on Friday, tracking an overnight rally in global semiconductor stocks and tech shares, as investor sentiment was bolstered by a positive lead from Wall Street and major corporate milestones in the technology and shipbuilding sectors.The benchmark Korea Composite Stock Price Index, or Kospi, rose by 2.5%, or 184.03 points, to close at 7,475.94. The Kosdaq also increased by 5.5%, or 43.43 points, to end at 837.43.In economic news, South Korea sold 1.7 billion euros through euro-denominated foreign exchange stabilization bonds at record-low spreads for both three- and seven-year maturities, following its U.S. dollar bond issuance in February 2025, the finance ministry said in a Thursday release.The issuance comprised 700 million euros of three-year notes and one billion euros of seven-year notes, the release said.The offering marked the country's largest-ever euro-denominated foreign exchange stabilization bond issuance, establishing a new benchmark for Korean euro bonds. The 1 billion-euro seven-year tranche was also the largest single-tranche euro bond issued by South Korea, surpassing the previous record set in 2014.On the corporate front, chipmaker SK Hynix (KRX:000660) raised about $26.5 billion from its initial public offering on the Nasdaq, marking the largest-ever US listing by an overseas firm.The chipmaker began offering about 177.9 million American depositary shares priced at $149 per ADS, according to a prospectus filed Monday.The ADRs are set to debut on Friday, July 10.Bank of America, JPMorgan, Citi, and Goldman Sachs are leading the offering.The chipmaker plans to use the proceeds to boost its chip production capacity, including building new chip fabrication plants in South Korea and buying advanced extreme ultraviolet (EUV) lithography machines.Shares of the company rose nearly 1% at market close.In other news, HD Korea Shipbuilding & Offshore Engineering (KRX:009540) won an order for six product carrier vessels from a shipper in the Middle East, according to a Friday filing with the Korean Exchange.The deal is valued at 469.9 billion won. The shipbuilder will deliver the product carrier vessels by June 30, 2029.Shares of the shipbuilder added over 4% at market close.
SK Hynix (KRX:000660) has set the price of its initial public offering on the Nasdaq at $149 per American depositary share, raising about $26.5 billion, according to a press release on Thursday.At that size, the South Korean semiconductor company now ranks as the largest US stock sale in history by a company based out of the US.SK Hynix sold 177.9 million ADRs, equal to 17.79 million common shares, or about 2.5% of its total issued and outstanding share capital. The Financial Times reported, citing two people familiar with the matter, that the offer was seven times oversubscribed, with more than 500 investment firms looking to buy shares.Situational Awareness, run by a former OpenAI researcher's hedge fund, UK investor Baillie Gifford and US tech-focused investment management firm Coatue, signaled that they could take up to $7 billion worth of the ADSs that SK Hynix plans to sell, the FT reported earlier this week.The ADRs will begin trading on Friday under the symbol SKHYV and are set to shift to regular trading under SKHY on Monday, July 13.Bank of America, Citigroup, Goldman Sachs and J.P. Morgan are the underwriters.The chipmaker's Nasdaq IPO eclipses Alibaba Group's (HKG:9988) $21.8 billion NYSE listing in 2014.SK Hynix, a key supplier of high-bandwidth memory used in AI processors, said it will use the proceeds from the Nasdaq IPO to fund new production lines at home and purchase extreme ultraviolet lithography (EUV) scanners, which it expects to cost roughly 11.9 trillion won.The listing follows a wave of capital commitments in South Korea. In June, SK Hynix and rival Samsung Electronics (KRX:005930) pledged to lead a 1,350 trillion won government-backed initiative to build new fabrication plants and AI data centers at home.In the first quarter of 2026, SK Hynix reported a fivefold year-over-year increase in net income to 40.35 trillion won, on revenue of 52.58 trillion won, which tripled from 17.64 trillion won a year earlier.The FT said analysts expect SK Hynix's US listing to boost its valuation and narrow its gap against global peers like Micron."There is still considerable upside potential," Kim Dong-won, head of research at KB Securities, was quoted by the FT as saying. "The chip rally isn't over yet."In June, SK Hynix topped Samsung to become South Korea's most valuable company. Recently, however, Samsung managed to reclaim its crown. By Thursday's close, SK Hynix held a market capitalization of 1,558 trillion won, falling behind Samsung's valuation of 1,776 trillion won.
South Korean chipmaker SK Hynix (KRX:000660) raised about $26.5 billion from its initial public offering on the Nasdaq, marking the largest-ever US listing by an overseas firm.The chipmaker began offering about 177.9 million American depositary shares priced at $149 per ADS, according to a prospectus filed Monday.The ADRs are set to debut on Friday, July 10.Bank of America, JPMorgan, Citi, and Goldman Sachs are leading the offering.The chipmaker plans to use the proceeds to boost its chip production capacity, including building new chip fabrication plants in South Korea and buying advanced extreme ultraviolet (EUV) lithography machines.
Japan's stock market advanced at the opening bell on Friday, propelled by a tech-driven rally in U.S. shares that lifted investor sentiment.The Nikkei 225 gained 782.9 points or 1.2% to open at 68,526.72.Market participants are watching South Korea's SK Hynix (KRX:000660) closely after its Nasdaq ADR offering raised $26.5 billion at $149 per share, marking the largest foreign listing debut in America.At home, the Bank of Japan reported June's producer price index rose 7.1% year over year, surpassing expectations and accelerating from the prior month's 6.6% increase. The latest data supports the BOJ's case for further interest rate hikes.Elsewhere, geopolitical tensions drew attention, as ongoing airstrikes between the U.S. and Iran were perceived by traders as another calculated step in regional hostilities rather than a full-scale conflict, according to various media reports.
The stock holdings valuation of South Korea's National Pension Service (NPS) jumped by 200 trillion won in the second quarter, owing to the primary index Korea Composite Stock Price Index's (Kospi) prolonged rally, Pulse News reported Wednesday, citing financial data provider FnGuide.The value of the NPS' stakes of at least 5% in 270 listed firms increased to 486.01 trillion won as of Monday, July 6, from 296.44 trillion won in March-end, indicating a gain of 63.9%. The increase surpassed the Q1 gain by over 100 trillion won, the report said.Holdings in Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) accounted for about 151 trillion won, or nearly 80%, of the total gain, according to the report.Shares of SK Hynix jumped nearly 6% 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 rumor and speculation. Accuracy is not guaranteed.)
South Korean stocks closed higher on Thursday on strong institutional buying, which offset retail selling amid a reassessment of the demand outlook for the AI sector.The benchmark Korea Composite Stock Price Index, or Kospi, rose by 0.6%, or 45.12 points, to close at 7,291.91. The Kosdaq also increased by 1.2%, or 9 points, to end at 794.In economic news, the International Monetary Fund raised its South Korea economic growth estimate for 2026 as strong external demand for semiconductors offset the negative impact of the Middle East conflict.In its World Economic Outlook update published late Wednesday, the IMF expects the South Korean economy to grow 2.6% in 2026, up 0.7 percentage point from the April estimate. For 2027, the growth estimate moved 0.4 percentage points higher to 2.5%.In corporate news, SK Hynix's (KRX:000660) $28 billion Nasdaq IPO is said to be more than seven times oversubscribed, according to a Reuters report on Thursday citing people familiar with the matter. Each ADR represents one-tenth of a common share, according to the report.Shares of the company jumped nearly 6% at market close.
SK Hynix (KRX:000660) has invested about 20 trillion won in bonds this year as strong semiconductor earnings boosted its cash holdings, Yonhap News Agency reported on Wednesday, citing industry sources.The purchases include high-grade bonds issued by public institutions, banks, financial companies, securities firms and specialized credit finance companies, the report noted.The chipmaker has become one of the largest investors in South Korea's credit market as it deploys excess liquidity generated from record earnings, the news agency reported, citing industry sources.SK Hynix declined to comment on the matter when contacted by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
SK Hynix's (KRX:000660) $28 billion Nasdaq IPO is said to be more than seven times oversubscribed, according to a Reuters report on Thursday citing people familiar with the matter.The chipmaker began offering about 177.9 million American depositary receipts (ADR) priced at $158.14 per ADR, according to a prospectus filed Monday.Each ADR represents one-tenth of a common share, according to the report.SK Hynix declined to comment on the matter when contacted by.According to the Reuters report, underwriters have informed investors that pricing guidance is expected after the South Korean market closes on Thursday, with share allocations to be finalized later in the US trading day.The company's shares were up nearly 5% in recent trade on the South Korean stock exchange.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
The International Monetary Fund raised its 2026 growth forecasts for South Korea and China, citing strong external demand for semiconductors and rebalancing in the Chinese economy, even as the fallout from the Middle East war continues to weigh on the region.In its July World Economic Outlook update published late Wednesday, the IMF said South Korea's economy is expected to grow 2.6% in 2026, up 0.7 percentage points from the April forecast, with growth "buoyed by strong external demand for semiconductors, which dominates the negative impact of the war."Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) dominate the local semiconductor sector in South Korea.The 2027 growth estimate for the country was raised 0.4 percentage points to 2.5%. The IMF noted that South Korea's first-quarter growth came in at 7.5%, more than four times the 1.8% pace projected in April.The fund said the first-quarter growth was powered by a semiconductor and AI-hardware export boom, despite the country's "heavy reliance on imported energy from the Middle East."Meanwhile, China's 2026 growth forecast was raised to 4.6%, up 0.2 percentage point from April, with the IMF citing efforts toward domestic rebalancing. However, it noted that higher global oil prices, protracted uncertainty and structural headwinds are expected to weigh on activity in China.Inflation in China is expected "to rise from low levels," the IMF said.The 2027 GDP growth estimate was raised 0.1 percentage point to 4.1%. China's economy expanded 8.1% in the first quarter, beating expectations on front-loaded infrastructure investment and a surge in high-tech manufacturing and exports, even as domestic consumption stayed soft, the IMF said.Elsewhere, India's 2026 growth forecast was cut to 6.4% from the April outlook of 6.5%, even as the IMF said the country remains among the fastest-growing major economies, supported by strong momentum in private consumption and services activity.The 2027 estimate was raised 0.2 percentage points to 6.7%.Japan's 2026 forecast was trimmed 0.1 percentage point to 0.6%, with fiscal support measures partly cushioning the impact of higher energy prices. The 2027 forecast was raised 0.1 percentage point to 0.7% as the energy shock fades.Japan's first-quarter growth came in at 1.8%, beating expectations on net trade, exports and a pickup in private consumption.The IMF expects core inflation in Japan to return to target gradually by the end of 2027.The fund's 2026 growth forecast for the five ASEAN countries -- Indonesia, Malaysia, the Philippines, Singapore and Thailand -- was unchanged at 4.1%, while the 2027 estimate was cut 0.1 percentage point to 4.3%.Within the group, Malaysia's 2026 forecast held steady at 4.7% on data-center activity and the upturn in the global technology cycle, while Thailand's was raised 0.4 percentage point to 1.9% on emergency fiscal measures and technology-related exports and investment.The IMF identified Taiwan, South Korea, Thailand and Malaysia as the top four net exporters of AI-related hardware, noting their average seasonally adjusted annualized suprise growth of 4.4 percentage points, against the 0.3 percentage point drop for the rest of the world.Overall, the IMF said, "Risks to the outlook are more balanced than in April but still tilted to the downside.""The possibility of renewed Middle East conflict looms large and could extend commodity price volatility, further threaten supply chains, raise prices, and weigh on financial conditions."
Japanese shares rebounded on Thursday, tracking a rally in semiconductor stocks overseas that overshadowed the International Monetary Fund's decision to lower its growth forecast for the country this year.The Nikkei 225 rose 227.3 points or 0.3%, to open at 67,046.37. Brent crude edged up to $78.8.The upbeat sentiment came despite the IMF trimming its Japan economic growth estimate for 2026 to 0.6% from the 0.7% projection in April.The IMF noted that while fiscal support measures will offer a cushion, higher energy prices continue to weigh on the economy.
SK Hynix (KRX:000660) plans to close the bookbuilding for its $28 billion Nasdaq IPO of American depositary receipts (ADR) on Wednesday at 4 pm U.S. Eastern Time after it was oversubscribed multiple times ahead of pricing on Thursday, Reuters reported Wednesday, citing sources.The chipmaker began offering about 177.9 million ADRs at $158.14 per ADR, according to a prospectus filed Monday.The offering is only behind SpaceX's record $85.7 billion IPO in June, and exceeds Saudi Aramco's $25.6 billion IPO in 2019 and Alibaba's $25 billion offering in 2014.The chipmaker did not immediately respond to' request for a comment.Shares of SK Hynix fell nearly 6% 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 rumor and speculation. Accuracy is not guaranteed.)
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