SK hynix Inc. (KRX:000660) is riding an AI-led semiconductor boom—securing a massive HBM deal with Nvidia, forecasting surging Q2 profits and DRAM/NAND price gains, launching big domestic investments and ADR trading in NY, even as regulatory and ownership risks cloud its rally.
Previous Week Recap
- HBM Supply Deal With Nvidia: SK hynix (000660) struck a long-term HBM supply deal with Nvidia potentially worth up to $500 billion, supplying high-bandwidth memory for GPUs and AI data center builds expected in 2027.
- Q2 Forecasts And Prices Rally: SK hynix (000660) Q2 forecasts: sales ~84.1T won, operating profit 60.1–64.1T won, pretax >100T won with one-offs, operating margin ~75–77%, DRAM/NAND prices up ~30%/49%, HBM demand strong
- Domestic Investment and M17 Fab: SK hynix (000660) plans ~100 trillion won domestic investment, building M17 fab to start H1 2029, plus long‑term expansions in Yongin, Cheongju and a new southwest manufacturing hub.
- AI Demand Benefits SK hynix: SK hynix (000660) noted as a major beneficiary of AI-driven chip demand; helped boost Q2 export-led growth. Analysts expect rising sector production into 2026 amid the semiconductor supercycle.
- AI Trading Rules Tightened: Korean regulators cited AI-driven trading in large-cap chips, naming SK hynix (000660), and are tightening rules on single-stock leveraged ETFs to curb speculative swings and tame Kospi volatility.
- ADRs Trading In New York: SK hynix (000660) ADRs started trading in New York while Korea listing kept. ADRs have traded 16%–51% above Korean shares; conversion between ADRs and Korean shares has been hindered by regulations.
- Chey Divorce Ownership Shift: Chey Tae-won’s divorce could shift ownership of the holding firm that controls SK hynix Inc. (000660); potential settlement may affect his control and thus ownership stakes in SK hynix.
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