|Bid||108,800.00 x 0|
|Ask||108,900.00 x 0|
|Day's Range||108,500.00 - 110,500.00|
|52 Week Range||73,100.00 - 113,400.00|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2023 - Jul 31, 2023|
|Forward Dividend & Yield||1,200.00 (1.09%)|
|Ex-Dividend Date||Mar 30, 2023|
|1y Target Est||120,041.00|
South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent China and other countries it deems to be of concern from tapping funds of $52 billion earmarked for semiconductor manufacturing and research under the so-called CHIPS Act. A leading chipmaker and major investor in the U.S. chip sector, South Korea asked the United States to review the rule that prevents recipients of U.S. funding from building new facilities in such countries, beyond 5% of existing capacity.
Investors monitor Micron stock ahead of Wall Street opening following damaging comments from Beijing.
SEOUL (Reuters) -China's ban on the use of U.S.-based Micron Technology's chips in certain sectors, announced on Sunday, is a stark reminder of risks facing the global chip industry as it braces for escalating Sino-U.S. trade tensions. China's move against Micron, the biggest U.S. memory chipmaker, was widely seen as retaliation for Washington's efforts to restrict Beijing's access to key technology. It came just a day after the Group of Seven (G7) rich nations agreed they would look to "de-risk, not decouple" from China, and as Washington pressures its allies to join it in restricting chip equipment exports to China.
SEOUL/SHANGHAI (Reuters) -U.S.-based Micron Technology Inc on Monday forecast a hit to revenue in the low-single to high-single digit percentage after a ban by China on sale of its memory chips to key domestic industries marked the latest in the Sino-American trade dispute. China's cyberspace regulator said late on Sunday that Micron, the biggest U.S. memory chipmaker, had failed its network security review and that it would block operators of key infrastructure from buying from the company. Analysts said they saw limited direct impact on Micron as most of its key customers in China are consumer electronics players, but warned the move could prompt some companies to rid their supply chains of Micron products due to political risks.
SEOUL (Reuters) -South Korea's SK Hynix Inc plans to expand its legacy chip production capacity at its chip manufacturing facilities in Wuxi, China, market research firm TrendForce said. The world's second-biggest memory chip maker's long-term strategy involves shifting its capacity expansion back to South Korea, while its Wuxi chip production site caters to domestic demand in China and the legacy DRAM memory chip market, the TrendForce report said.
The U.S. secretary of commerce and her South Korean counterpart agreed to "minimise uncertainties" of chipmakers' investments amid new U.S. semiconductor subsidies, Korea's industry ministry said on Friday. Companies such as Samsung Electronics and SK Hynix, the world's No. 1 and No. 2 memory chipmakers, are concerned about the criteria for subsidies from the CHIPS Act, South Korean President Yoon Suk Yeol has said. Industry Minister Chang-Yang Lee asked Secretary of Commerce Gina Raimondo to help resolve chipmakers' uncertainties about subsidy requirements, such as providing "excessive" corporate information and sharing excess profit with the U.S. government, the ministry said in a statement.
(Bloomberg) -- SK Hynix Inc. signaled the memory chip sector will emerge from its deepest downturn later this year as a Chinese recovery and AI drive demand, sending its shares almost 4% higher.Most Read from BloombergJPMorgan Ends First Republic’s Turmoil After FDIC SeizureFirst Republic’s Jumbo Mortgages Brought On Bank’s FailureRivian’s Troubles Don’t End at a 93% WipeoutBuffett Will Beat the Market as Recession Looms, Investors SayPeak Oil Spells Trouble for ConsumersThe supplier to Apple In
SEOUL (Reuters) -South Korea's SK Hynix Inc on Wednesday said production cuts by memory chip makers will improve market conditions from the second half of 2023, after it reported a record operating loss for the first quarter. The wider loss came as shipments of chip-equipped devices weakened due to global economic slowdown, worsening a supply glut and pushing down prices, the world's second-biggest maker of memory chips said. "We likely cannot expect a dramatic increase in prices in the second quarter given current demand... But with effects of production cuts appearing from the second quarter, we expect the supply-and-demand situation to improve from the third quarter."
(Bloomberg) -- South Korea is poised to extend its dominance over the global memory-chip market at China’s expense as US export controls shift the dynamics of semiconductor supply chains, a leading industry forecaster predicts.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFox Fired Its Biggest Star Tucker Carlson, Who Badmouthed BossesBRICS Draws Membership Bids From 19 Nations Before SummitAirline Cancels Passengers’ $10,000 Business Class Tickets Sold i
(Bloomberg) -- When it comes to the world’s second-largest maker of memory chips, analysts and short sellers are poles apart.Most Read from BloombergFirst Republic Worked Hard to Woo Rich Clients. It Was the Bank’s UndoingA $300,000 Salary Feels Like $100,000 in The Priciest US CitiesBud Light Kicked a Hornet’s Nest and Ran AwayOnly 10 Electric Vehicles Qualify for Full $7,500 US Tax CreditSchwab Leaders Say Firm Can Weather Storm After Deposit DropA week after a spike in bearish bets caused the
Sales fall at world’s biggest memory chip maker amid decline in global demand for semiconductors
South Korea's SK Hynix has raised $1.7 billion in its first convertible bond sale in a decade, as the world's second-largest memory chipmaker braces for deepening quarterly losses, hit by a sharp downturn in global semiconductor demand. The financing, the first such deal by the firm since it was acquired by energy to telecoms conglomerate SK Group in 2012, follows a rare $15.2 billion financing deal by cash-rich Samsung Electronics in February. SK Hynix said in a regulatory filing on Tuesday that the proceeds of the bond sale would be used to fund operations such as buying chip production materials.
The criteria for new U.S. semiconductor subsidies is worrying companies such as Samsung Electronics Co Ltd and SK Hynix Inc , South Korean President Yoon Suk Yeol said on Thursday, a concern shared by the world's leading contract chipmaker in Taiwan. Conditions include sharing excess profit with the U.S. government, and three industry sources said the application process itself could expose confidential corporate strategy.
The criteria for new U.S. semiconductor subsidies is worrying companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korean President Yoon Suk Yeol said on Thursday, a concern shared by the world's leading contract chipmaker in Taiwan. Conditions include sharing excess profit with the U.S. government, and three industry sources said the application process itself could expose confidential corporate strategy.
South Korea's SK Hynix Inc will ask the United States for a year's further exemption from chip curbs against China, the chief executive of the world's No. 2 maker of memory chips said on Wednesday. The company will seek the exemption after the current grace period ends in October, Chief Executive Park Jung-ho told reporters at the annual general meeting of shareholders in South Korea. "Talks between the Korea and the US governments should go well," he said.
South Korea's trade ministry said on Wednesday that the United States' proposed rules to prevent $52 billion in chip funding from being used by "countries of concern" will not force recipients to shut down their China factories. The U.S. Commerce Department on Tuesday proposed limits for recipients of U.S. chip manufacturing and research funding, including limits on investing in expansion in countries such as China and Russia. The world's largest and second-largest memory-chip makers, Samsung Electronics and SK Hynix, have chip production facilities in China.
SEOUL (Reuters) -South Korea's trade ministry said on Wednesday that the United States' proposed rules to prevent $52 billion in chip funding from being used by "countries of concern" will not force recipients to shut down their China factories. The U.S. Commerce Department on Tuesday proposed limits for recipients of U.S. chip manufacturing and research funding, including limits on investing in expansion in countries such as China and Russia. The world's largest and second-largest memory-chip makers, Samsung Electronics and SK Hynix, have chip production facilities in China.
The United States will likely limit the level of advanced semiconductors made by South Korean companies in China, a senior U.S. official said. In October, South Korea's Samsung Electronics and SK Hynix, the world's top memory chip makers, received an one-year reprieve from U.S. export restrictions aimed at thwarting Beijing's technological ambitions and blocking its military advances.
The United States will likely limit the level of advanced semiconductors made by South Korean companies in China, a senior U.S. official said. In October, South Korea's Samsung Electronics and SK Hynix, the world's top memory chip makers, received an one-year reprieve from U.S. export restrictions aimed at thwarting Beijing's technological ambitions and blocking its military advances. "What will likely be is a cap on the levels that they can grow to in China," said Alan Estevez, the U.S. Commerce Department's under secretary for industry and security, when asked what would happen after the waiver ended.
SEOUL (Reuters) -South Korea's SK Hynix Inc cautioned that the chip industry downturn, the worst in over a decade, will deepen further in the next few months as it posted a record quarterly operating loss on Wednesday. Market conditions will gradually improve later this year as chipmakers cut supply in response to the drop in global tech demand and clients buy chips again at low prices, said SK Hynix, the world's No.2 memory chipmaker after Samsung Electronics. "The recent drop in memory prices is the largest since the fourth quarter of 2008 ... industry-wide inventory is probably at an all-time high," SK Hynix's finance chief, Woohyun Kim, said in an earnings call.
(Bloomberg) -- This time was supposed to be different.Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 Billion, Bonds SinkPorsche Blunder Puts $148,000 Sportscar on Sale for Just $18,000Plenty of Americans Are Drinking Bleach, Still for Sale on AmazonGeorgia Wants Russia to Leave Its Land in a Ukraine Peace DealThe memory-chip sector, famous for its boom-and-bust cycles, had changed its ways. A combination of more disc
The days of lofty prices and sky-high demand for memory chips are over. Micron Technology (NASDAQ: MU) announced on Wednesday that it was dramatically ramping up its efforts to keep inventory levels in check as demand for DRAM and NAND chips slump. Micron is slashing wafer starts for DRAM and NAND chips by 20% compared to the fiscal fourth quarter of 2022.
(Bloomberg) -- SK Hynix Inc. warned that the Biden administration’s escalating restrictions could force the closure or sale of a major plant in China, an “extreme situation” or worst-case scenario it hopes to avert.Most Read from BloombergGoldman Sachs Now Sees Fed Rates Peaking at 5% in MarchLula Narrowly Wins Brazil’s Presidency in Historic ComebackSeoul Crowd Crush Leaves Over 150 Dead at Halloween FestivitiesMusk Posts Then Deletes Tweet Spreading Conspiracy Theory on Pelosi AttackPutin Stir
(Bloomberg) -- Texas Instruments Inc. and SK Hynix Inc. offered a gloomy view of the chip market in their latest quarterly reports, dashing hopes of a quick rebound for the $550 billion industry. Most Read from BloombergGoldman Sachs Now Sees Fed Rates Peaking at 5% in MarchSeoul Crowd Crush Leaves Over 150 Dead at Halloween FestivitiesPutin Stirs European Worry on Home Appliance Imports Stripped for ArmsEXPLAINER: How And Why Do Crowd Surges Turn Deadly?Lula Poised to Win Brazil Election, Polls