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Memory giant SK Hynix eyes US listing to fund AI-fueled capacity boom
business17 days ago

Memory giant SK Hynix eyes US listing to fund AI-fueled capacity boom

SK Hynix disclosed a confidential SEC filing for a potential U.S. listing via American Depositary Receipts within 2026, aiming to raise about $6.7–$10 billion to fund capacity expansion amid surging AI-driven memory demand. Details on size, method and timing aren’t finalized and will be disclosed later or within six months. The company is pursuing major capex, including new Korean fabs and U.S. packaging facilities, and recently placed a large ASML equipment order as it rides an “unprecedented growth” in the memory market.

via CNBC|
#adr#ai-demand#business
Micron Dips as SK Hynix Looks to List in the U.S.
market-news17 days ago

Micron Dips as SK Hynix Looks to List in the U.S.

Micron stock MU slid about 2.5% after reports that memory rival SK Hynix is considering a $10 billion U.S. listing to help fund its planned $8 billion EUV equipment purchase from ASML by 2027. A U.S. listing could broaden SK Hynix access for investors and pressure MU, though MU remains supported by some analysts, including Phillip Securities’ Yik Ban Chong who raised the target to $530 on strong earnings and AI memory demand. MU is up roughly 38% year-to-date with light trading volume, while the stock’s overall Street consensus remains Strong Buy with an average target around $357.57, signaling about 35-36% upside.

via TipRanks|
#asml#market-news#micron
Kospi slips 7% after hot streak, led by Samsung and SK Hynix
markets1 month ago

Kospi slips 7% after hot streak, led by Samsung and SK Hynix

South Korea’s Kospi tumbled about 7% after a holiday, ending its run as the world’s top performer for 2026. The retreat was led by heavy losses in Samsung Electronics and SK Hynix, with foreign investors net-sellers over the last two sessions (outflows near 7 trillion won at end-February and about 5.4 trillion won on Tuesday). A weaker won, rising crude prices, and risk-off sentiment weighed on sentiment, though the index remains up around 37% year-to-date and 128% over the past year, with regulators briefly suspending program trading during the session.

via MarketWatch|
#foreign-investors#kospi#markets
ASML bookings soar as SK Hynix plans bold capex push
industries2 months ago

ASML bookings soar as SK Hynix plans bold capex push

ASML reported fourth-quarter bookings of €13.16 billion, up 86% and well above estimates, as AI-related demand boosted both memory and logic‑chip equipment. The Netherlands‑based company posted €2.89 billion profit on €9.72 billion in sales, guided 2026 sales to €34‑39 billion with a 51‑53% gross margin, and unveiled a buyback of up to €12 billion through 2028 plus a 17% dividend increase to €7.50 a share. In the same period SK Hynix signaled a substantial increase in capital expenditure after a 90% rise in Q4 profit and a 66% jump in revenue, driven by AI workloads and memory demand; both companies reflect a robust AI‑driven semiconductor cycle.

via MarketWatch|
#asml-holding#capital-expenditure#earnings
US Tightens Restrictions on South Korean Chipmakers in China
world7 months ago

US Tightens Restrictions on South Korean Chipmakers in China

The US is tightening restrictions on Samsung and SK Hynix by revoking licenses that allowed them to use US technology in their Chinese chip plants, aiming to curb China's semiconductor industry. Experts warn this move could backfire by disrupting global chip supply and boosting China's domestic industry, while also potentially hindering US technological progress.

via Global Times|
#china#samsung#semiconductor
SK Hynix Accelerates Next-Gen Chip Production Following Nvidia's Request
business1 year ago

SK Hynix Accelerates Next-Gen Chip Production Following Nvidia's Request

SK Hynix shares surged 6.5% after Nvidia CEO Jensen Huang requested the company expedite the supply of its next-generation high-bandwidth memory (HBM) chips, crucial for Nvidia's AI model training. SK Hynix, a key supplier to Nvidia, announced a new 16-layer HBM chip, with samples available in early 2025, contributing to its stock rally. The demand for Nvidia's products has significantly boosted SK Hynix's growth and profits this year.

via CNBC|
#ai-technology#business#memory-chips
"SK Hynix to Invest $4 Billion in Indiana Semiconductor Plant and Research Center"
technology2 years ago

"SK Hynix to Invest $4 Billion in Indiana Semiconductor Plant and Research Center"

South Korean chipmaker SK Hynix plans to invest over $3.87 billion in Indiana to build a semiconductor packaging plant and research center, creating around 800 high-wage jobs by 2030. The plant, to be located at Purdue Research Park, will focus on producing high-bandwidth memory chips to meet U.S. semiconductor demand and advance chip development. The investment is expected to boost Indiana's role in the tech sector and contribute to U.S. innovation and national security, with the company receiving significant incentives from the state and local authorities.

via ABC News|
#indiana#research-and-development#semiconductor-plant