170 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) approved a 40 trillion won share repurchase and cancellation plan, according to a company release issued on Wednesday.The buyback is set to begin Aug. 20 and run for about three months, the filing said.The company also raised its shareholder-return target to more than 50% of cumulative free cash flow for 2025-2027, from the previous target of up to 50%.
SK hynix (KRX:000660) is attracting criticism over its decision to list unit Solidigm on the Nasdaq exchange amid fears of diminishing shareholder value, The Korea Times reported, citing industry officials.The move would result in an "unprecedented five-tier multiple-listing structure," according to Korean Corporate Governance Forum Chair Rhee Nam-uh.The ownership structure extends from SK Group's Chairman Chey Tae-won through SK Inc., SK Square, SK hynix, and SK hynix NAND Product Solutions Corp. to Solidigm, Rhee said.The company is said to be eyeing between 5 trillion won and 10 trillion won in pre-IPO funds from the listing, the Korea Times reported.SK hynix did not immediately respond to' request for a 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.)
China's Yangtze Memory Technologies entered the world's top three in NAND memory shipments for the first time, according to a report from market tracker Counterpoint released Wednesday.YMTC's market share reached 14%, nearly edging out Japan's Kioxia (TYO:285A), according to the report.Samsung Electronics (KRX:005930) is still the number one exporter of NAND devices with a 25% market share worldwide, followed by SK Hynix (KRX:000660) at second place with a 22% share, according to Counterpoint data.Despite YMTC's surge, it came in fifth in terms of revenue, behind U.S.-listed Micron and Kioxia due to its product mix, Counterpoint said.
Singapore's state investment firm, Temasek, is looking to invest in South Korea listed, SK Hynix (KRX:000660) and Samsung Electronics (KRX:005930), Asia Business Daily reported Tuesday, citing relevant ministries and authorities.Temasek has reportedly been in touch with the Korean government with regards to the investments, which will be made directly via the fund's in-house team, the report said.Based on the report, Temasek considers the memory chip sector within the AI value chain as an undervalued sector.SK Hynix and Samsung Electronics did not immediately respond torequest for a 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 sharply higher for a third straight session on Wednesday, led by gains across key chip stocks, despite overnight losses on Wall Street as investor sentiment toward a possible U.S.-Iran peace agreement weakened.Market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added 7% and 6%, respectively, at the end of the trading day.The Korea Composite Stock Price Index, or Kospi, increased by 233.51 points, or 3.7%, to close at 6,579.04. The Kosdaq also rose by 1.07 points, or 0.12%, to close at 858.91.In economic news, South Korea's seasonally adjusted unemployment rate inched up to 2.8% in July from 2.7% in June, according to data from the Ministry of Data and Statistics released on Wednesday.The reading was also up from 2.7% a year earlier.The labor force participation rate edged down to 65% from 65.2% in June.The total number of employed persons fell to 29.14 million in July from 29.15 million the previous month, while the number of unemployed shrank to 776,000 from 834,000.In corporate news, Kolmar Korea (KRX:161890) posted a 68% year-over-year jump in net income to 52.1 billion won in the second quarter from 31 billion won, according to a Wednesday filing with the Korea Exchange.Net sales increased 32% to 430.4 billion won for the three months ended June 30 from 328.1 billion won a year earlier.Shares of the South Korean pharmaceutical preparation manufacturing firm gained 23% at market close.
SK hynix (KRX:000660) workers seek to launch an integrated labor union covering half of the company workforce to secure majority-union status at the South Korean semiconductor company, Yonhap News reported Tuesday, citing industry sources.A temporary preparatory task force plans to file an application to launch a new integrated union with about 18,000 member employees on the same day, the report said.The company has roughly 35,000 employees, and there are currently three labor unions that negotiate separately with management. The new unified union will help consolidate worker representation in negotiations with the company.(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 Korea plans to establish a 5 trillion won semiconductor fund to support chip materials, parts, equipment, and fabless companies, Presidential Chief of Staff Kang Hoon-sik announced at a press briefing on Monday.The government will also provide an additional 5 trillion won in trade finance for suppliers.The funding forms part of President Lee Jae Myung's broader semiconductor initiative, which targets over $576 billion in new chip manufacturing projects by Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), Samsung Electro-Mechanics (KRX:009150), Samsung Display, Samsung SDI (KRX:006400), and Naver (KRX:035420).The government also plans to roll out a 10-year, 1 trillion won program to support cooperation between large firms and smaller suppliers in chip development, testing and mass production, according to the briefing.
SK hynix (KRX:000660) is reviewing various options to strengthen its packaging business competitiveness, but nothing has been finalized to date.The semiconductor company's Monday disclosure was in response to media reports that said it was looking to sell a stake in its Chongqing, China, plant valued at 4 trillion won.SK hynix expects to release an update on Sept. 9.
The Seoul High Court upheld a lower court ruling, sentencing a former employee of SK Hynix (KRX:000660) to 18 months in prison for leaking confidential CMOS image sensor manufacturing technology, Yonhap News reported Sunday.The employee was found to have leaked the info to a Chinese firm while working at the company's local subsidiary in China in 2022, the report said.SK Hynix did not immediately respond 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.)
SK Hynix (KRX:000660) is considering whether to bring in an investor for its Chongqing, China, plant to boost growth, and is currently in talks with several prospective advisers such as Chinese funds and key industry players to review the business, Bloomberg News reported Friday, citing people with knowledge of the matter.The facility may be valued at $3 billion, the people told the news agency. The South Korean chipmaker may keep a minority stake in the plant, the report said, citing the sources.Deliberations are ongoing and may not result in any transactions, according to the report.SK Hynix did not immediately respond to' request for comment.Shares of SK Hynix added nearly 2% in recent trade.(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) declared a quarterly cash dividend of 375 won per common share, totaling 273.3 billion won, with a record date of Aug. 31.The company also noted it is actively exploring additional shareholder return measures, with details expected to be finalized and announced during the third quarter.
SK hynix (KRX:000660) has approved a combined 54.3 trillion won investment to build new fabrication facilities in Yongin and Cheongju, responding to surging memory demand in the AI era.The Yongin Y2 fab will receive 35.2 trillion won as the second of four planned plants in the semiconductor cluster, while the Cheongju M17 fab will get 19.1 trillion won, according to a statement on Friday.The company views the projected 19% annual growth in DRAM and NAND demand through 2030 as a structural shift, and not a temporary cycle.Y2 construction is set to begin in July 2027, with first cleanroom operations targeted for June 2029 to produce HBM and next-generation DRAM.The investment is part of SK hynix's broader plan to accelerate completion of the Yongin cluster by 12 years, with total spending spanning to October 2031.
South Korean shares plunged nearly 5% at market close on Thursday as losses incurred by technology stocks weighed on sentiment. Investors were particularly skeptical about the AI industry.Shares of key market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) declined over 6% and 10%, respectively, taking a toll on the primary index.The Korea Composite Stock Price Index, or Kospi, decreased by 301.88 points, or 4.6%, to close at 6,296.38. The Kosdaq rose by 2.08 points, or 0.3%, to close at 801.67.In economic news, South Korea's current account surplus stood at $49.73 billion in June, up from $38.6 billion in May, according to preliminary data from the Bank of Korea on Thursday.The figure surpassed Trading Economics' forecast of $34.7 billion and marked the largest surplus on record.Goods account surplus jumped to $47.9 billion from $37.9 billion as exports surged 84.5% to $112.4 billion, while the services account logged a larger deficit of $1.29 billion as compared to $1.09 billion in May.In corporate news, LIG Defense & Aerospace (KRX:079550) posted a second-quarter net income attributable to shareholders of the parent of 82.6 billion won, down 23% from 107.1 billion won a year earlier.Sales, on the other hand, increased 17% to 1.11 trillion won from 945.4 billion won, according to a Thursday filing with the Korea Exchange.Shares of the company declined 12% at market close.
Samsung (KRX:005930) and SK Hynix (KRX:000660) are testing Advanced Micro-Fabrication Equipment or AMEC's (SHA:688012) etching gear at their China facilities to hedge against possible U.S. export curbs, Reuters reported Wednesday, citing three people close to the matter.The evaluation process, which began roughly two years ago amid growing policy uncertainty, has not yet led to broader adoption decisions, the news wire said.If successful, these trials could give the Chinese supplier a significant credibility boost from two of the global semiconductor industry's biggest players, the publication said.Samsung, SK Hynix, AMEC, and the Bureau of Industry and Security (BIS), which enforces the U.S. government's export controls, did not immediately respond 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.)
SK hynix (KRX:000660) said no decisions have been finalized amid media reports of its US subsidiary Solidigm's potential 5 trillion-won pre-IPO.The company confirmed it is reviewing various measures to strengthen Solidigm's competitiveness, according to a bourse filing on Wednesday.SK Hynix emphasized that all options remain under review, with an update to follow within one month or once details are confirmed.
SK hynix (KRX:000660) and its union are holding a fifth round of bonus negotiations on Tuesday at the company's Cheongju plant, Reuters News reported on the same day, citing a union note.The dispute centers on the company's bonus structure, with last year's agreement entitling workers to 10% of annual operating profit, potentially averaging 779 million won per employee this year, the news wire said.Management has proposed paying over half of bonuses in shares with a lock-up period and adjusting payouts during loss-making years, the publication said.SK hynix did not respond to' request for comment, while the union could not immediately be reached 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.)
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.
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