By Kwanwoo JunSouth Korea's exports were powered by the unabated demand for advanced chips to fuel the global artificial-intelligence boom, resulting in their largest increase in nearly five decades.The sharp rise in exports came days after the South Korean government--together with top memory-chip…
SK hynix files to list ADSs as SKHY on Nasdaq, proposing up to 17.79M ADS (≈2.5% of Seoul shares) to raise funds for Korean fabs and EUV scanners; trading starts July 10.SK hynix (
By Hyunjoo Jin and Heekyong YangSamsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools.The tech…
South Korea is preparing a massive AI infrastructure push, with companies including Samsung Electronics (SSNLF), SK Hynix (HXSCL) and Naver (NHNCF) expected to invest at least 1,350 trillion won, or about $880 billion, across chips and data centers. Samsung Group and SK Group plan to build two chip…
SK Hynix (HXSCL) filed an amended registration statement with the U.S. Securities and Exchange Commission on Monday to list its shares on the Nasdaq.The South Korean AI memory chipmaker plans to offer American Depositary Shares under the symbol SKHY, with each ADS representing a fraction of its com…
South Korea's AI chip boom could be creating a major new opportunity for the country's wealth managers, as average wealth per adult has surged 44% since 2020, the fastest pace globally, according to UBS. Samsung Electronics (SSNLF) and SK Hynix (HXSCL), which supply about 80% of the world's high-ba…
By Asa FitchIf you're already anxious about the AI spending bubble and its global economic risks, maybe don't read the latest annual report from the Bank for International Settlements.The report, released Monday, lays out in unsettling detail how an AI bust could throw the global financial system i…
South Korean memory chip maker SK Hynix has filed a registration statement with the Securities and Exchange Commission for a public offering of American Depositary Shares, marking a major step toward listing on the Nasdaq Global Select Market under the ticker symbol “SKHY.”According to an SEC filin…
SK Hynix said on June 24 that it has filed an application to list on Nasdaq and plans to raise up to 45 trillion won through an American depositary receipt (ADR) offering.According to Odaily, the ADRs are scheduled to list in July, and the proceeds will be used to build factories in South Korea and…
By Hyunjoo Jin and Heekyong YangSamsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools.The tech…
By Hyunjoo Jin and Heekyong YangSamsung Electronics and SK Hynix are making one of the biggest bets yet on the artificial intelligence boom with investments worth hundreds of billions of dollars, but the planned capacity buildout is stoking fears of a painful reckoning if AI spending cools.The tech…
Round-up of South Korean financial markets:** South Korean shares logged their best quarter in nearly 30 years on Tuesday on the back of chipmakers' blistering rally.** The benchmark KOSPI KRX:KOSPI ended the quarter up 68%, the biggest since the fourth quarter of 1998 when the internet was still i…
New investment plans by South Korean chip makers Samsung Electronics and SK Hynix will likely have only a limited impact on global memory supply-demand conditions over the next three to five years, given the time required for the investments to materialize, Daiwa Capital's SK Kim says. The analyst…
Round-up of South Korean financial markets:** South Korean shares reversed early gains to trade lower on Tuesday, as volatility in heavyweight semiconductor stocks weighed on the broader market, with investors turning cautious about the durability of the AI-driven chip rally.** The benchmark KOSPI…
SK hynix (000660) joins S. Korea’s semiconductor 'Three Mega Projects', pledging large capex: ~400T won for Gwangju and South Jeolla fabs, plus Yongin/Cheongju expansion and advanc
South Korea unveiled a sweeping semiconductor and AI strategy Monday, with President Lee Jae Myung announcing more than $576 billion in chip investment anchored by Samsung Electronics (005930) and SK Hynix (000660). Samsung closed down 4.86% and SK Hynix fell 1.68% in Seoul trading. The two chipmak…
South Korean stocks recovered much of their earlier losses after Samsung Electronics (SSNLF) and SK Hynix (HXSCL) unveiled major investment plans tied to the country's AI push. The Kospi finished down just 0.2%, after falling as much as 3.4%, as investors weighed the impact of massive chip spending…
SEOUL (dpa-AFX) - SK Hynix (HXSCL, 000660.KS) announced a mid- to long-term investment plan totaling KRW 1,100 trillion to expand its AI memory production capacity across South Korea to meet surging global demand driven by artificial intelligence.The company plans to invest KRW 600 trillion in its…
South Korean technology giants Samsung (SSNLF) and SK Hynix KRX:000660 have announced plans to jointly invest $518 billion U.S. in a new microchip and semiconductor manufacturing plant.The chipmaking hub will be located in South Korea’s southwest region and is a response to surging artificial intel…
South Korea announced three "mega projects" on Monday covering semiconductors, physical AI and AI data centres, with Samsung Electronics KRX:005930, SK Group and government ministries outlining investment plans.Below is a summary of the investments and targets announced at the event and in corporat…
