South Korean chipmaker SK hynix will list its American depositary receipts on Nasdaq on Friday, aiming to raise approximately $26.5 billion. The move seeks to broaden access to global investors interested in the booming AI infrastructure market and enhance the company's long-term fundraising capabilities.
Tech giants like Google and Amazon are seeing increased carbon emissions due to AI investments, jeopardizing net-zero goals. Meanwhile, Meta is exploring new revenue streams like cloud computing and prediction markets amid stock decline and legal challenges.
Micron's stock surges amid a long-running AI memory-chip shortage, briefly overtaking the market valuations of Meta and Tesla. The company points to long-term supply agreements and rising ASPs as support, but faces the risk of cycles in memory demand.
South Korea's KOSPI index saw a dramatic 48-hour swing, falling 8.29% then rebounding 8.18%, driven by AI chip demand and sensitivity to US Federal Reserve policy. The concentration in chipmakers like Samsung and SK Hynix amplified the volatility.
The OECD has raised South Korea's 2026 economic growth forecast to 2.6% from 1.7%, driven by robust chip exports amid the AI boom. May exports hit a record $87.8 billion, with chip exports soaring 169.4%.
South Korea's Kospi index has become the world's 6th largest stock market, surpassing India, driven by AI chip demand. SK Hynix and Samsung Electronics' valuations have soared, but concerns about market concentration and potential AI bubble persist.
South Korea and Taiwan have surpassed India in global stock market rankings, fueled by AI-driven semiconductor booms. Decades of strategic state investment created market leaders like Samsung, SK Hynix, and TSMC, while India faces a long road to catch up after historical missed opportunities.
Memory chipmakers SK Hynix and Micron have both surpassed $1 trillion in market valuation, propelled by surging global demand for advanced chips used in AI data centres. The gains reflect the broader AI-driven rally that has already lifted Nvidia, Samsung, TSMC and major US technology companies above the $1tn mark.
The KOSPI's market capitalization has surpassed the total value of the greater Seoul housing market, reaching $4.1 trillion amid an AI chip-driven stock rally. This shift reflects liquidity moving towards equities, influenced by government measures and the semiconductor upcycle.
Samsung Electronics reported record first-quarter operating profit of 57.2 trillion Korean won, up over 750% year-over-year, driven by explosive demand for AI data center memory chips. The chip business accounted for over 90% of total earnings, with the DS division posting 53.7 trillion won in profit. Samsung expects server memory demand to remain strong into H2 as supply constraints persist, with customers bringing forward 2027 demand due to shortage concerns.
SEOUL, April 23 (Yonhap) -- SK hynix Inc. said Thursday its revenue and profits ...
SK Hynix reported record Q1 2026 results with revenue of 52.58 trillion won and operating profit of 37.61 trillion won, as AI-driven demand for high-bandwidth memory chips continues to surge. Revenue nearly tripled year-over-year, surpassing 50 trillion won for the first time, while operating margin reached an all-time high of 72%. The company dominates the HBM market with 57% share, though Samsung reclaimed the top spot in overall DRAM revenue in Q4 2025.
