Tag: $SK Hynix

South Korean chipmaker SK Hynix shares closed 10.89% higher on Wednesday after the company reported record quarterly profit that sharply beating estimates, and announced over $25 billion in dividends and buybacks.

Samsung Electronics and SK Hynix are upgrading their ​China factories to produce more advanced memory chips, four people familiar with the plans said, aiming to fend off competition from a fast-growing Chinese rival and meet huge AI demand.

Samsung Electronics and SK Hynix shares fell more than 3% on Monday as Chinese memory chipmaker ChangXin Memory Technologies (CXMT) reported progress on a next-generation DRAM design that could help increase storage density and intensify competition with South Korea’s chipmakers.

Solidigm, a U.S. subsidiary of South Korean chip maker SK Hynix, is weighing an initial public offering as early as next year, Reuters reported Friday, citing people familiar with the matter.

SK Hynix is in talks with Intel to manufacture its memory chips in the U.S. for the first time, Reuters reported Wednesday, sending shares of both companies higher in premarket trading.

Chipmaker SK Hynix said on Thursday it has reached a tentative wage deal with its South Korean workers that will see ‌them receive at least 60% of this year’s bonuses in company stock rather than ‌the all-cash payout they received last year.

SK Hynix will buy back and cancel 40 trillion won ($28.61 billion) of treasury shares and allocate ‌more than 50% of free cash flow generated between 2025 and 2027 to boost shareholder returns, it said on Wednesday.

SK Hynix said on Friday it will invest 54 trillion Korean won ($38.1 billion) to build two new memory chip manufacturing plants, as demand for the components, which are key to AI, continues to grow.

As global chip giant SK Hynix makes its Nasdaq debut Friday, the listing will test whether the stock will be able shed its long-standing “Korea discount.”

South Korean chipmaker SK Hynix on Monday launched a U.S. share sale to raise 43 trillion won ($28.07 billion) and drew indications of interest for up to $7 billion from major investors, ​as it capitalises on the global AI boom with one of the world’s largest new share sales.

SK Hynix ​said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as ‌part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul.

South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand

South Korea’s government is in talks with Samsung Electronics and SK Hynix over plans for the next phase of large-scale investments in semiconductor production facilities, an official said on Wednesday, adding an announcement on a new chip cluster would be made soon.

SK Hynix, one of the three major memory-chip makers whose shares have surged in value due to huge demand for artificial-intelligence applications, said on Wednesday it’s going to issue American depository receipts, giving U.S. investors an easier way of investing in the company.

SK Hynix plans to list its shares in ‌the U.S. as soon as August, said two sources familiar with the matter, as the South Korean memory chipmaker seeks to capitalise on strong appetite for AI-linked stocks and broaden ​its investor base.

 Nvidia on Monday announced a series of deals in South Korea with tech giants including SK Hynix ‌and Naver, as it looks to secure crucial memory chips to power its AI ambitions and entice new customers.

SK Hynix told ​investors this week it received “tremendously positive” feedback on its proposed U.S. listing as the chipmaker ‌benefits from strong demand for advanced memory semiconductors needed to run AI data centers, a source familiar with the matter said on Thursday.

SK Hynix topped $1 trillion in market value for the first time on Wednesday, joining its memory chip rivals Samsung Electronics and Micron Technology in reaching the milestone on an AI-driven rally.

Google’s latest research which claims to make AI models more efficient is putting pressure on memory stocks, with investors concerned the breakthrough could see a slowdown in chip demand.

South Korean chipmaker SK Hynix plans a confidential ​filing to list shares in the U.S. in the second half of 2026, the company said on Tuesday, which a source said could raise as ‌much as $14 billion.