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) has an average rating of buy and mean price target of 3,145,845.30 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
South Korean shares closed sharply higher on Thursday, supported by gains in U.S. stock futures after US-based computer memory chip maker Micron Technology's upbeat fiscal fourth-quarter sales outlook boosted investor confidence in the AI-led market rally.The benchmark Korea Composite Stock Price Index, or Kospi, rose 5.4%, or 459.28 points, to close at 8,930.3. The Kosdaq declined by 2.4%, or 21.5 points, to end at 887.81.Micron Technology expects revenue to be around $50 billion in fiscal Q4, with diluted earnings per share of $30.73. Gross margin is expected to be around 86%.In economic news, the composite business sentiment index in all industries in South Korea decreased 1.2 points to 97.7 in June from 98.9 in May, while the outlook for the next month fell by 2.4 points to 95.2, according to data released by the Bank of Korea on Thursday.The seasonally adjusted composite business sentiment index for the manufacturing sector added 0.4 points to 101.2, while the outlook for the following month shed 2.1 points to 98.2, the central bank said.For the non-manufacturing sector, the seasonally adjusted composite business sentiment index decreased 2.1 points to 95.4, while the outlook for the following month shed 2.7 points to 93.2.Meanwhile, the economic sentiment index, a composite of the business survey and consumer survey indices, went down 0.7 points to 96.8.In corporate news, SK Bioscience (KRX:302440) secured a supply contract of influenza vaccines from 2026 to 2027 from the Public Procurement Service of the Republic of Korea, according to a Thursday filing with the Korea Exchange.The contract, valued at 23.9 billion won, is valid till June 30, 2027.Shares of SK Bioscience jumped nearly 2% at market close.In other news, Fitch Ratings assigned Korea Investment (KRX:071050) subsidiary Korea Investment & Securities a long-term credit rating of BBB with a stable outlook, according to a commentary released Wednesday.The stable outlook reflects the rating agency's expectation that the brokerage, wealth management, proprietary trading, and investment banking services provider will maintain a balance sheet and financial profile in accordance with its current rating over the next one to two years.Fitch Ratings will continue to monitor Korea Investment & Securities' evolving business model and risk profile, the release said.Shares of Korea Investment Holdings rose nearly 5% at market close.
Nasdaq-listed Qualcomm considers marketing its data center products in China, developing chips that would be compliant with U.S. export controls, Nikkei Asia reported Thursday, citing the company's chief executive officer.The statement came as the U.S. chipmaker vies to rival Nvidia with the launch of its Dragonfly data center chip lineup at the company's investor day in New York. Dragonfly's product lines comprise artificial intelligence accelerators, data center CPUs, custom silicon and connectivity chips, the report said.CEO Cristiano Amon told Nikkei that Qualcomm is working to bring the Dragonfly lineup to China, with AI accelerators designed for the Chinese market that are compliant with U.S. export laws, according to the media outlet.Amon said the data center processor's design, dubbed high bandwidth compute or HBC, will enable data center chips deliver six times the bandwidth per watt compared to high bandwidth memory or HBM chips, which are currently manufactured by South Korea's Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), Nikkei said.(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) plans to raise 45.5 trillion won via the issuance of 17.8 million new common shares as American depositary shares to list on the US Nasdaq.The South Korean chipmaker said in a Wednesday filing with the Korea Exchange that proceeds will be used for expansion efforts.Share certificates are scheduled to be delivered July 15, with the new shares expected to trade from July 29. The newly issued shares have a record date of Jan. 1 for dividends.Shares of SK Hynix were up nearly 1% at market close.
South Korean shares rebounded on Wednesday, owing to strong gains made by heavyweight semiconductor stocks, after following a technology stocks-led sell-off on record on Tuesday. Key market movers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) added nearly 10% and 1%, respectively, at market close.The benchmark Korea Composite Stock Price Index, or Kospi, rose 3.3%, or 267.18 points, to close at 8,471.02. The Kosdaq also increased by 2%, or 17.79 points, to end at 909.31.In economic news, the number of foreign tourists that arrived in South Korea has exceeded 10 million as of the third week of June, the Ministry of Culture, Sports and Tourism said in a Wednesday release.The number of foreign tourists visiting South Korea jumped 19.4% to 1.95 million in May from 1.63 million a year earlier. Total foreign arrivals in the country in the first five months of 2026 rose 21% to 8.72 million from 7.21 million in the same period last year, the ministry said.In the corporate front, the South Korean government is in discussions with chipmakers Samsung Electronics and SK Hynix over the next phase of large-scale semiconductor investments, Reuters reported Wednesday, citing presidential policy adviser Kim Yong-beom at a discussion panel.Kim said that AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster, the report said.In other news, CMES Robotics (KOSDAQ:475400) secured a supply contract for an electrode coater insulation thickness measuring instrument from LG Energy Solution Arizona, the company said in a Wednesday filing with the Korean Exchange.The contract, valued at 1.40 billion won, is expected to be valid till Aug. 31, 2028.Shares of CMES Robotics rose nearly 7% at market close.
South Korea is in discussions with chipmakers Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) over the next phase of large-scale semiconductor investments, Reuters reported Wednesday, citing presidential policy adviser Kim Yong-beom at a discussion panel.Kim said that AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster, the report said.Shares of Samsung Electronics rose more than 4% in recent trade, and those of SK Hynix fell over 2%.(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.)
Chinese shares opened lower on Wednesday, driven by a selloff in technology stocks and market expectations that the U.S. Federal Reserve will raise rates.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.4% to 4,090.10. The Shenzhen Component Index slid 0.5% to 15,782.40.Artificial intelligence and chip stocks drove the global tech sector deeper into losses, a slide that originated with heavy losses among South Korea's two largest firms, NBC News reported.Major market-moving technology stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) plunged over 12% at market close on Tuesday.Investor sentiment took an additional hit from SpaceX, which has trended downward for several sessions following its much-hyped June 12 listing, NBC wrote.Also hurting sentiment was rising bets on a Fed interest rate hike. Bank of America now expects rate increases of 75 basis points across September, October and December, marking a reversal from its recent forecast of no change this year.
A technology stocks-led sell-off dragged South Korean stocks sharply lower on Tuesday on strong profit-taking and following overnight losses on Wall Street. Major market-moving technology stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) plunged over 12% at market close.The Korea Exchange activated a five-minute buy-side sidecar on the country's primary stock market around 11.40 am after the KOSPI200 Futures fell 76.06 points, or 5.12%, to trade at 1,407.54 amid the massive sell-off. A buy-side sidecar is activated when the KOSPI200 Futures index moves 5% or more for at least one minute.The benchmark Korea Composite Stock Price Index, or Kospi, fell 10%, or 910.71 points, to close at 8,203.84. The Kosdaq also decreased by 7.9%, or 76.88 points, to end at 891.52.In economic news, South Korea's composite consumer sentiment index rose to 106.6 in June from 106.1 in May, according to data released by the Bank of Korea on Tuesday. A reading above 100 indicates an improved outlook, while a reading below 100 suggests pessimism.Sentiment toward current living standards rose one point to 94, while sentiment on the future outlook was unchanged at 97. The outlook for future household income and the sentiment for future household spending were steady at 100 and110, respectively.In corporate news, a worker at HD Korea Shipbuilding & Offshore Engineering (KRX:009540) subsidiary HD Hyundai Samho died on Monday after being struck by a mooring rope during vessel berthing operations at Dolphin Pier 1 in Yeongam.The Ministry of Employment and Labor is investigating the matter, according to a Tuesday filing with the Korea Exchange.Shares of HD Korea Shipbuilding & Offshore Engineering fell nearly 8% at market close.
South Korean shares closed at a new high on Monday, with the primary index Kospi closing over 9,100 points, owing to strong gains by chipmakers. Shares of SK Hynix (KRX:000660), Hana Micron (KOSDAQ:067310), and Hanmi Semiconductor (KRX:042700) gained nearly 6%, 16%, and over 2%, respectively, at market close.The gains came as the U.S. and Iran made progress at their high-level negotiations in Switzerland, mediated by Pakistan and Qatar.The benchmark Korea Composite Stock Price Index, or Kospi, rose by 0.7%, or 62.13 points, to close at 9,114.55. The Kosdaq also increased by 0.2%, or 1.81 points, to end at 968.4.In economic news, South Korea's exports jumped 60.4% to $62 billion in the first 20 days of June from $38.7 billion a year earlier, Monday data from the Korea Customs Service showed.Imports increased 23.2% to $44.5 billion from $36.1 billion a year earlier, resulting in a $17.5 billion trade surplus.On the corporate front, PanGen Biotech (KOSDAQ:222110) secured a research service contract to advance a production system and evaluate a non-clinical sample production system for an antibody treatment targeting Severe Fever with Thrombocytopenia Syndrome (SFTS).The contract, valued at 2.8 billion won, is valid till Dec. 31, 2028, according to a Monday filing by the biotechnology company with the Korea Exchange.Shares of Pangen Biotech rose nearly 2% at market close.
SK Hynix (KRX:000660) has overtaken Samsung Electronics (KRX:005930) as South Korea's most valuable listed company, according to a report by Reuters on Monday.The supplier of high-bandwidth memory chips has taken advantage of the global AI boom, with its shares trading 5.7% early Monday, to take its market capitalization to around 2.082.5 trillion won, the report said.According to a senior analyst at Meritz Securities, Kim Sunwoo, the emergence of "customized AI memory" has changed industry mechanics and paved the way for SK Hynix to establish itself as a market leader, the report added.(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 shares closed at a record high on Thursday, with the country's primary index surpassing the 9,000-point level for the first time ever.Investor sentiment was particularly buoyed by the US-Iran deal and the reopening of the Strait of Hormuz. In addition, the U.S. Federal Reserve's decision to keep its key rate steady in the range of 3.50%-3.75% at its latest rate-setting meeting also boosted sentiment.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 2.3%, or 199.6 points, to close at 9,063.84. The Kosdaq, however, decreased by 3%, or 31.03 points, to end at 1,000.93.Thursday's gain marked the sixth straight day of gains, owing to optimism over the AI sector. Shares of market movers and chip stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) rose nearly 5% and 7%, respectively.U.S. President Donald Trump and Iranian President Masoud Pezeshkian signed the Iran document on Wednesday night, the White House told the BBC.Key aspects of the deal comprise Iran's commitment not to develop a nuclear weapon, the restoration of shipping via the Strait of Hormuz with no transit fees for at least 60 days, the removal of U.S. sanctions, and an end to hostilities, including in Lebanon.In corporate news, Samsung Biologics (KRX:207940) secured a biologics contract manufacturing organization (CMO) contract from an undisclosed US-based pharmaceutical company. The contract, valued at 835.7 billion won, is valid until Dec. 31, 2031.Shares of Samsung Biologics added over 4% at market close.
South Korean shares extended their winning streak for a fifth consecutive session on Wednesday, owing to a rally by key chipmakers in the country, such as Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which added over 1% and nearly 6% at day's end.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 1.6%, or 137.64 points, to close at 8,864.24. The Kosdaq also rose by 1.3%, or 13.28 points, to end at 1,031.96.In corporate news, Taihan Cable & Solution (KRX:001440) secured a supply order for HVDC XLPE power cables and related accessories from Korea Electric Power Corporation (KRX:015760), according to a filing with the Korea Exchange on Wednesday.The contract, valued at 133.02 billion won, excluding VAT, is valid until March 27, 2028.Shares of both Taihan Cable & Solution added over 1% at market close, while those of Korea Electric Power added nearly 2%.In other news, Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) secured a street housing redevelopment project in Majang-dong district 3 in Seoul, according to a Wednesday filing with the Korea Exchange.The project is valued at 103.4 billion won.Shares of Kolon added nearly 1% at market close.
SK Hynix (KRX:000660) denied a report by The Korea Economic Daily that claimed that the company offered a shareholder return program worth 100 trillion won, according to a Tuesday filing with the Korean Exchange.CFO Kim Woo-hyun on Tuesday issued the clarification, which stated that the firm was currently reviewing several shareholder return measures to enhance shareholder value, but has not yet considered any specific plans.Shares of the chipmaker rose over 1% in recent trade.
South Korean chipmaker SK Hynix (KRX:000660) is eyeing the Nasdaq for its planned listing in the U.S., to bank on investor interest in AI-related stocks, Reuters reported Friday, citing two sources familiar with the matter.The initial public offering is being planned for August, which is anticipated to broaden the chipmaker's investor pool and raise its profile among overseas investors, according to the report.A representative from SK Hynix declined to comment on' request for comment.Shares of SK Hynix jumped nearly 7% in Monday morning 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.)
Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) could face delays to their chip expansion projects after the National Ready-Mixed Concrete Transport Workers' Union suspended concrete deliveries across the Seoul metropolitan area, Reuters reported Friday.The union, representing around 8,000 members, began the strike on Monday in its demand for higher transport rates, among other claims, the report said.Blocked deliveries from two concrete plants in Pyeongtaek on Thursday halted concrete pouring at Samsung Electronics' chip plant construction site, while cancelled deliveries stopped construction work at SK Hynix's Yongin chip plant, it said.SK Hynix said the immediate impact is expected to be contained after adjusting construction schedules. Samsung Electronics declined to comment, while the union did not respond to media inquiries at the time of reporting, Reuters said.Shares of Samsung Electronics jumped nearly 8% at market close, while those of SK Hynix added over 2%.(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.)
Construction of Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) chip plants could be derailed by the ongoing concrete transport workers' strike, Reuters reported Friday, citing local outlets.The National Ready-Mixed Concrete Transport Workers' Union, which has 8,000 members, started the industrial action on June 9 in Seoul, demanding higher transport rates and other changes, the report said.Both SK Hynix and Samsung Electronics have seen union members block deliveries from concrete plants, the report said.(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 Group (KRX:000660) plans to build an "AI Factory" data center combining SK Hynix's HBM and Nvidia's GPUs in Japan, targeting operations between 2028 and 2029, Chairman Chey Tae-won said in an interview with Nihon Keizai Shimbun.Tae-won emphasized that Japan's need is for AI infrastructure rather than semiconductor factories, noting the country's well-established ecosystem of equipment and materials companies, the news channel reported.SK is currently identifying Japanese sites that can secure gigawatt-class power capacity and land, with ongoing discussions with local partners, the news agency cited Chey.Chey, in the interview, said amid the global semiconductor shortage, future semiconductor factories may be built outside South Korea, with Japan as a "very excellent candidate site".(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) plans to raise its wafer capacity by three times by 2034 to keep up with the increasing demand for memory chips needed for AI computing, SK Group Chairman Chey Tae-won told Nikkei Asia in an interview on Wednesday.The chipmaker is currently building four semiconductor fabrication plants in South Korea's Yongin, with the first facility expected to be completed in early 2027. Chey said the company accelerated the project timeline by a decade, bringing forth a plan that was initially expected to run till 2045, the report said.Shares of SK Hynix fell over 2% in recent trade on Thursday.(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 memory chipmaker SK Hynix (KRX:000660) is planning to list its shares in the US as early as August, Reuters reported Wednesday, citing two sources familiar with the matter.The US Securities and Exchange Commission is likely to approve SK Hynix's American depositary receipt listing application in the last week of June, one of the sources reportedly said."SK Hynix plans to issue ADRs within 2026, but the details, including the size and timing, have not yet been decided," the company said in a statement issued to Reuters.In March, the news agency had reported that SK Hynix made a confidential filing to list shares in the US this year, through which it could raise up to $14 billion.(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 shares opened sharply lower on Wednesday on renewed US-Iran tensions.The benchmark Korea Composite Stock Price Index, or Kospi, fell 2.4%, or 197.16 points, to open at 7,899.77. The Kosdaq also declined 0.95%, or 9.22 points, to open at 958.58.Sentiment turned cautious after the US military's Central Command (CENTCOM) said it carried out self-defense strikes against Iran after Iranian forces allegedly shot down a U.S. attack helicopter over the Strait of Hormuz on Monday.Major heavyweight stocks led the losses in early trading, with Samsung Electronics (KRX:005930) shares declining over 4% and SK Hynix (KRX:000660) shares falling nearly 4%.
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