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☆ Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
▼ + stars: | 2024-04-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

SK Hynix Inc. signage at the company's office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is the world's second-largest memory chipmaker after Samsung Electronics and supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia . The explosive demand for AI chipsets boosted the high-end memory chip market, hugely benefiting players like SK Hynix and Samsung Electronics. To meet AI memory demand, the firm said it plans to increase supply of HBM3E – the latest generation of high-bandwidth memory for AI. SK Hynix said it will also introduce 32GB Double Data Rate 5 products this year to strengthen its leadership in the high-capacity server DRAM market.

Persons: SeongJoon Cho Organizations: SK Hynix Inc, SK Hynix, Bloomberg, Getty Images, South Korean, Revenue, Samsung Electronics, Nvidia Locations: Seongnam, South Korea, HBM3E

☆ Samsung reportedly tells executives they're working 6 days a week now
▼ + stars: | 2024-04-18 | by ( Camilo Fonseca | ) www.businessinsider.com time to read: +3 min

Samsung Group is introducing a six-day workweek for executives, according to a recent report. AdvertisementWhile some companies are embracing four-day workweeks, Samsung Group is reportedly moving in the opposite direction — at least for executives. Samsung Group is implementing a six-day workweek for executives across all of its divisions, with some starting as early as this week, according to a new report from The Korea Economic Daily. Some executives at other divisions have already been working six-day weeks voluntarily since the start of the year, the Daily said. Samsung Electronics executives will have the option of coming in either Saturday or Sunday, according to the report.

Persons: —, weathers Organizations: Samsung, Apple, Service, Samsung Group, Korea Economic, South, South Korean, Samsung Electronics Co, Daily, Samsung Electronics, Employees, IDC, Reuters, SK Group, SK Hynix Locations: South Korea, Korean

☆ Nvidia supplier SK Hynix plans to invest $3.87 billion in U.S. chip facility
▼ + stars: | 2024-04-04 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

SK Hynix logo displayed on a phone screen as seen in this illustration photo taken in Krakow, Poland on January 30, 2023. SK Hynix , one of the world's largest memory chipmakers, said it would invest $3.87 billion in its first chip packaging facility in the U.S., marking another victory for the Biden administration's efforts to onshore chip production. SK Hynix said the facility, slated for operation in 2028, will house a production line for SK Hynix's cutting-edge high-bandwidth memory chips — important components in the Nvidia GPUs used to train AI systems like ChatGPT. "We are excited to become the first in the industry to build a state-of-the-art advanced packaging facility for AI products in the United States," said SK Hynix CEO Kwak Noh-Jung in a statement, adding it would "strengthen supply-chain resilience and develop a local semiconductor ecosystem." The project will also bring more than a thousand new jobs to the region and will include an R&D facility to develop future generations of chips, according to the company.

Persons: Biden, SK Hynix, Noh, Jung Organizations: SK Hynix, Purdue University, Wednesday, Indiana State, U.S, SK, SK Hynix's, Nvidia Locations: Krakow, Poland, U.S, West Lafayette , Indiana, United States

☆ Now that Nvidia's launched powerful AI chips, Goldman expects these 3 stocks to get a boost
▼ + stars: | 2024-03-28 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

In the wake of Nvidia 's launch of powerful new artificial intelligence chips, Goldman Sachs is predicting major growth for memory chips used in AI systems. Called Blackwell, the new GPU chips from Nvidia that power AI models require the latest third-generation memory chips, also known as high-bandwidth memory (HBM/HBM3E). The investment bank expects the total addressable market for HBM to expand tenfold to $23 billion by 2026, up from just $2.3 billion in 2022. The Wall Street bank sees three major memory makers as prime beneficiaries of the booming HBM market: SK Hynix , Samsung Electronics and Micron . Investors have been cautious about the memory market for AI systems since all three major suppliers are due to expand manufacturing capacity and add downward pressure on profit margins.

Persons: Goldman Sachs, Blackwell, Giuni Lee, Goldman, Peter Lee, Jensen Huang, — CNBC's Michael Bloom Organizations: Nvidia, HBM, SK Hynix, Samsung Electronics, Micron, Investors, Intelligence, Innovation Fund, MU, Goldman, Citi Locations: U.S, Germany

☆ Look beyond Nvidia to ride the AI wave — there are other potential winners, Fidelity says
▼ + stars: | 2024-03-15 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

There's a whole world of stocks beyond flashy AI names such as Nvidia for investors looking to ride the latest tech wave, according to investment firm Fidelity International These indirect AI plays include semiconductor foundries, packaging technology companies and memory companies, the investment firm said in a report Wednesday. In our view, AI will follow a similar trend," said Fidelity analysts. "These include semiconductor foundries, packaging technology companies and memory companies. However, looking beyond Nvidia, stocks in the AI-related sectors outlined by Fidelity have also been on the up. Customer services firms, business process outsourcing and music content companies could also offer opportunities, said Fidelity, as they "embrace and adapt to AI."

Persons: Fidelity Organizations: Nvidia, Fidelity International, Fidelity, ChatGPT, Taiwan Semiconductor Manufacturing Company, Samsung, SK Hynix, Nasdaq Locations: Stock, South Korean

☆ Want a Nvidia alternative? These 6 chip suppliers look set to gain big from the AI boom
▼ + stars: | 2024-02-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

A number of stocks that supply Nvidia look set to gain from the AI boom, as the U.S. chip giant published another bumper quarter of earnings. Nvidia, which makes chips that are used to train artificial intelligence models, said sales had risen 265% year-on-year to more than $22 billion in its latest quarter . TSMC also makes chips for companies such as Apple and AMD . Samsung Electronics and SK Hynix make "high bandwidth memory" chips used in the latest AI chips. Japanese firm Advantest makes equipment and materials used to test AI chips during manufacturing.

Persons: TSMC, Morgan Stanley, CNBC's Michael Bloom Organizations: Nvidia, CNBC, Samsung Electronics, Micron Technology, Taiwan Semiconductor Manufacturing Company, Apple, AMD, SK Hynix, GPU, Street, BESI, BE Semiconductor Industries, TSMC, Intel, Samsung Locations: U.S, NVDA, Dutch

☆ ‘Substantial upside’: Morgan Stanley portfolio manager loves this memory stock — and it's among analysts' top picks for 2024
▼ + stars: | 2024-01-31 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

One investor, however, has set his sights on another company offering a "value angle" on both semiconductors and artificial intelligence. Micron makes dynamic random access memory chips and NAND flash memory chips. DRAM, or dynamic random access memory, is a type of semiconductor memory needed for data processing. Micron is the third-largest player in the memory sector, coming after just South Korea's SK Hynix and Samsung , he added. Wolfe Research said Micron will likely benefit from a strong recovery in 2025 in both the DRAM and NAND space.

Persons: Aaron Dunn, CNBC's, Dunn, Morgan Stanley, you've, Goldman Sachs, Wolfe Organizations: Nvidia, Google, Micron Technology, Micron, Morgan, Value, South Korea's SK Hynix, Samsung, MU, UBS, Bank of America, Wolfe Research Locations: Morgan Stanley's

☆ CNBC Daily Open: Fed rate cut timing in focus
▼ + stars: | 2024-01-30 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] SK Hynix analysts' top callSouth Korea's SK Hynix, the world's second-largest memory chipmaker, is getting a lot of attention. Analysts are bullish on the stock and expect SK Hynix to drive the next generation of AI growth.

Persons: Dow, Elon Musk's Tesla, Erek Barron Organizations: New York Stock Exchange, CNBC, CSI, Big Tech, Nasdaq, China EV, DOJ, SEC, of Justice, Securities and Exchange Commission, SK Hynix, South Korea's SK Hynix Locations: New York City, U.S, Hong Kong, Asia, China, Maryland

☆ Analysts are so bullish on this global chip stock they keep naming it as their top pick
▼ + stars: | 2024-01-30 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

One stock frequently showed up among analysts' top calls this month: South Korean chipmaker SK Hynix . In December, HSBC raised the price target for the stock from 150,000 Korean ($112) won to 180,000 Korean won ($134). "We also expect positive impact from ongoing AI demand on expanding On-device AI adoption. For global investors who wish to buy SK Hynix shares, its shares are listed on the Korea Stock Exchange and its depository receipts are listed on the Luxembourg Stock Exchanges. Investors can also buy into SK Hynix via the ETF route.

Persons: Trent Masters, CNBC's Michael Bloom Organizations: Korean chipmaker SK Hynix, SK Hynix, Nvidia, SK Hynix's, UBS, HSBC, Korean, Trent, Alphinity Investment Management, CNBC, Samsung, SK, Korea Stock Exchange, Luxembourg Stock Exchanges, Franklin FTSE, Franklin FTSE South Korea ETF, Korea ETF Locations: Franklin FTSE South Korea, Korea

☆ We think SK Hynix will be one of the biggest beneficiaries of AI growth, analyst says
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe think SK Hynix will be one of the biggest beneficiaries of AI growth, analyst saysNam Hyung Kim, partner at Arete Research, says he has "no concern" about the South Korean memory chipmaker's underwhelming stock price after the release of its strong fourth-quarter earnings.

Persons: Nam Hyung Kim Organizations: SK Hynix, Arete Research

☆ SK Hynix swings to fourth-quarter profit on strong AI chip demand
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: +1 min

The SK Hynix Inc. logo is displayed on a glass door at the company's office in Seoul, South Korea, on Monday, Jan. 27, 2014. SK Hynix aims to select a U.S. site for its advanced chip packaging plant and break ground there around the first quarter of next year. South Korea's SK Hynix on Thursday posted its first quarterly profit in a year on robust demand for high-end chips used in artificial intelligence and restocking orders from Chinese mobile clients. The results compared with expectations for a 192 billion won operating loss, according to 23 analysts' views compiled by LSEG SmartEstimate, weighted toward analysts who are more consistently accurate. SK Hynix last posted an operating profit in the third quarter of 2022.

Persons: LSEG SmartEstimate Organizations: SK Hynix Inc, SK Hynix, South Korea's SK Hynix, Revenue Locations: Seoul, South Korea, U.S

☆ BYD and more: AllianceBernstein names top Asian stock picks for the next 6 months, gives one over 60% upside
▼ + stars: | 2024-01-19 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

"We also believe the demand for memories will remain strong thanks to the growing demand for generative AI and more broadly for compute," the bank's analysts wrote. AllianceBernstein expects the share price of Samsung to hit 92,000 Korean Won ($68.44) in the next 12 months, giving it potential upside of 29.4%. "BYD's unparalleled cost structure and vertical integration of powertrain will enable it to achieve a dominant market share in this segment," the bank's analysts wrote. AllianceBernstein's target price of 334 Hong Kong dollars ($42.71) gives it around 61.5% upside. AllianceBernstein gave the giant a price target of $170, giving it around 33% upside.

Persons: Bernstein, Ann Larson, AllianceBernstein, Tesla, Holdings AllianceBernstein, PDD, — CNBC's Michael Bloom Organizations: Street, Samsung Electronics, SK Hynix The South, Samsung, Won, SK Hynix, Hong, Holdings, PDD Holdings Locations: Asia, China, Hong Kong

☆ TSMC beats profit and revenue expectations in the fourth quarter
▼ + stars: | 2024-01-18 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

The world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company on Thursday posted better-than-expected profit and revenue on the back of weaker macroeconomic conditions. That compares with TSMC's guidance for fourth-quarter revenue between $18.8 billion and $19.6 billion. "In the fourth quarter, revenue increased 14.4% sequentially [from the third quarter], supported by the continued strong ramp of our industry-leading 3-nanometer technology," said TSMC in its fourth-quarter earnings report. But analysts say chip inventories at smartphone and PC makers are running down and expect restocking demand to pick up. In its third-quarter earnings report in October, TSMC said that its business was supported by the industry-leading 3-nanometer technology and higher demand for 5-nanometer technologies, partially offset by customers' ongoing inventory adjustment.

Persons: TSMC, Brady Wang Organizations: Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Samsung Electronics, SK Hynix, Counterpoint Research Locations: Taiwan

☆ TSMC and more: Goldman Sachs loves these Asian tech stocks, giving one 37% upside
▼ + stars: | 2024-01-12 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

"While we expect a very modest cyclical recovery as a whole, we continue to look for opportunities among individual stocks," Goldman Sachs' analysts, led by Daiki Takayama, wrote in the note, naming buy-rated names — including four conviction list stocks — to play the theme. The bank's conviction list comprises its top buy-rated stock ideas that are expected to beat the market. SK Hynix South Korean chipmaker SK Hynix was among the stocks that made Goldman's list of buy-rated names that are also on its conviction list. Goldman gave the stock a price target of 3,300 Japanese Yen ($22.78) implying upside of around 37.7%. Meanwhile, the bank has a target price of 29 Chinese yuan ($4.07) on Foxconn, giving it around 124.6% potential upside.

Persons: Goldman Sachs, Daiki Takayama, Hynix, Goldman, it's bullish, Hai, CNBC's Michael Bloom Organizations: SK Hynix South, SK Hynix South Korean chipmaker SK Hynix, Korean, Taiwan Semiconductor Manufacturing Company, Electronics, Industrial, Renesas Electronics, Apple Locations: SK Hynix South Korean, Taiwan, Shanghai

☆ ASML boss Wennink to retire in April; veteran Fouquet to step up
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: +1 min

ASML Chief Executive Peter Wennink will retire at the end of his term next April to be replaced by company veteran Christophe Fouquet, the Dutch semiconductor equipment manufacturer said on Thursday. Fouquet, who has been with ASML for 15 years, has previously overseen its extreme ultraviolet (EUV) product lines, which now account for about half of the company's sales. EUV technology, was developed and commercialised by ASML, and is used by only a handful of manufacturers to make advanced chips. "Christophe's career is a clear example of natural evolution throughout the company," Wennink said. The company also announced that Chief Technology Officer Martin van den Brink will retire on April 24.

Persons: Peter Wennink, Christophe Fouquet, Wennink, Fouquet, Taiwan's, Martin van den Brink, Jim Koonmen Organizations: Nikon, Canon, Samsung, Intel, Micron, SK Hynix, Technology

☆ China warns South Korea not to politicise economic issues
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +2 min

South Korean Foreign Minister Park Jin, right, talks with his Chinese counterpart Wang Yi prior to a meeting in Busan, South Korea, Sunday, Nov. 26, 2023. "China and South Korea have become cooperation partners with highly integrated interests and highly interconnected production and supply chains," Wang told South Korean Foreign Minister Park Jin, according to a Chinese foreign ministry readout. "Both sides should jointly resist the tendency to politicise economic issues, instrumentalise science and tech issues, and the broad securitisation of trade issues." South Korea has sought to avoid becoming embroiled in a tit-for-tat row between China and the United States over semiconductors. "China is willing to jointly promote the restart of revamped trilateral cooperation with South Korea and Japan," Wang said on Sunday.

Persons: Park Jin, Wang Yi, Ahn Young, Wang, Xi Jinping, Joe Biden, Yoon Suk Yeol, Fumio Kishida, Biden, Laurie Chen, William Mallard Organizations: South Korean Foreign, REUTERS Acquire, Rights, South Korean, U.S, Samsung Electronics, SK Hynix, South, Thomson Locations: Busan, South Korea, Rights BEIJING, China, Korea, United States, Japan, Beijing, Washington, Tokyo, Seoul

☆ China Warns South Korea Not to Politicise Economic Issues
▼ + stars: | 2023-11-26 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

"China and South Korea have become cooperation partners with highly integrated interests and highly interconnected production and supply chains," Wang told South Korean Foreign Minister Park Jin, according to a Chinese foreign ministry readout. "Both sides should jointly resist the tendency to politicise economic issues, instrumentalise science and tech issues, and the broad securitisation of trade issues." South Korea has sought to avoid becoming embroiled in a tit-for-tat row between China and the United States over semiconductors. "China is willing to jointly promote the restart of revamped trilateral cooperation with South Korea and Japan," Wang said on Sunday. In September, senior officials from the three countries agreed to arrange a trilateral summit at the "earliest convenient time".

Persons: Wang Yi, Wang, Park Jin, Xi Jinping, Joe Biden, Yoon Suk Yeol, Fumio Kishida, Biden, Laurie Chen, William Mallard Organizations: South Korean, South Korean Foreign, U.S, Samsung Electronics, SK Hynix, South Locations: BEIJING, China, South Korea, Korea, United States, Japan, Beijing, Washington, Tokyo, Seoul, Busan

☆ Sapeon, backed by South Korea's SK Group, launches new AI chip
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSEOUL, Nov 16 (Reuters) - Sapeon, an artificial intelligence (AI) chip startup backed by South Korea's telecom-to-chip conglomerate SK Group, has launched its latest chip for data centres, the company said on Thursday, joining the global race to develop AI chips with bigger rivals like Nvidia (NVDA.O). The new Sapeon X330 chip "represents roughly twice the computational performance and 1.3 times better power efficiency" than competitors' products launched this year, the company said in a statement, without elaborating further on the competitors. Sapeon designs AI semiconductors for data centres, which require huge amounts of data processing. The X330 chip is manufactured by TSMC (2330.TW), the world's largest contract chipmaker, Sapeon said. SK Telecom (017670.KS), South Korea's top telco company, is Sapeon's parent.

Persons: Dado Ruvic, Sapeon, Simon Cameron, Moore Organizations: REUTERS, Rights, SK Group, Nvidia, TSMC, SK Telecom, telco, SK Hynix, Thomson Locations: Rights SEOUL, South

“Planet Earth is big enough for the two countries to succeed,” Xi told Biden. Before leaving for California, Kishida told reporters a meeting with Xi had not yet been decided on. The aura of goodwill generated by the meeting was marred somewhat, however, by a comment by Biden. “I feel that China-U.S. relations have eased, and maybe the next step will be cooperation,” said Xu Jiaguang a 31-year-old firefighter. ___Associated Press writer Mari Yamaguchi in Tokyo and video producer Caroline Chen in Beijing contributed to this report.

Persons: Joe Biden, Xi, lunching, they’re, ” Xi, Biden, ”, Jeff Liu, Fumio Kishida, Kishida, Madoka Fukuda, ” Biden, Mao Ning, Xu Jiaguang, Gao Kexin, Mari Yamaguchi, Caroline Chen Organizations: Foreign, South, . Security, Samsung Electronics, SK Hynix, Kookmin Ilbo, Economic Cooperation, Communist Party . Tokyo, Tokyo's Hosei University, Foreign Ministry, China -, U.S, Associated Press Locations: TAIPEI, Taiwan, California, China, Beijing, U.S, Taiwan Strait, North Korea, Seoul, Pyongyang, Russia, South Korea, Japan, Asia, San Francisco, United States, China - U.S, Tokyo

☆ Japan's Kioxia reports Q2 loss, says prices have bottomed out
▼ + stars: | 2023-11-14 | by ( Sam Nussey | ) www.reuters.com time to read: +2 min

The result at Bain Capital-backed Kioxia, formerly Toshiba Memory, compares with a loss of 130.8 billion yen three months earlier. Merger talks between Kioxia and Western Digital (WDC.O) have stalled, Reuters reported previously, after Kioxia investor SK Hynix (000660.KS) said it did not back the deal. Selling prices have bottomed out, Kioxia said, pointing to expected higher shipments of smartphones and PCs next year. Revenue fell quarter-on-quarter with Kioxia saying the smaller loss was because of higher average selling prices with a boost from the weaker yen. Separately, Toshiba (6502.T), which holds a stake in Kioxia after selling its chip unit to the Bain-led consortium in 2018, posted a 26.7 billion yen net loss in the second quarter.

Persons: Kioxia, Bain, Sam Nussey, Tom Hogue Organizations: Taipei, REUTERS, Rights, Bain Capital, Toshiba, Western, Reuters, SK Hynix, Samsung Electronics, Revenue, Japan Industrial Partners, Thomson Locations: Taipei, Taiwan, Kioxia, KS

☆ Nvidia upgrades flagship chip to handle bigger AI systems
▼ + stars: | 2023-11-13 | by ( Stephen Nellis | ) www.reuters.com time to read: +1 min

The H200, as the chip is called, will overtake Nvidia's current top H100 chip. The primary upgrade is more high-bandwidth memory, one of the costliest parts of the chip that defines how much data it can process quickly. Nvidia dominates the market for AI chips and powers OpenAI's ChatGPT service and many similar generative AI services that respond to queries with human-like writing. The H200 has 141-gigabytes of high-bandwidth memory, up from 80 gigabyte in its previous H100. Nvidia also buys memory from Korea's SK Hynix (000660.KS), which said last month that AI chips are helping to revive sales.

Persons: OpenAI's, Stephen Nellis, Sam Holmes Organizations: Nvidia, Google, Oracle, Nvidia's, Micron Technology, Korea's SK Hynix, Amazon Web Services, Microsoft, Oracle Cloud Infrastructure, Lambda, Thomson Locations: San Francisco

☆ Chinese chipmaker YMTC sues Micron alleging patent infringement
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly Song/File Photo Acquire Licensing RightsNov 12 (Reuters) - Chinese chipmaker Yangtze Memory Technologies Co (YMTC) has filed a lawsuit against U.S. rival Micron Technology (MU.O) alleging infringement of eight of its patents. YMTC filed the lawsuit against Micron and unit Micron Consumer Products Group on Nov. 9 at the U.S. District Court for the Northern District of California. According to the lawsuit, Micron turned to YMTC's patented technology to fend off competition from YMTC and to gain and protect market share. In May, China said Micron products failed a network security review and barred purchase of them by operators of key infrastructure. ($1 = 7.2934 Chinese yuan renminbi)Reporting by Anirudh Saligrama and Brenda Goh; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, YMTC, YMTC's, Anirudh Saligrama, Brenda Goh, Christopher Cushing Organizations: Micron, REUTERS, Memory Technologies, U.S, Micron Technology, Micron Consumer Products Group, Northern, Northern District of, South, Samsung Electronics, SK Hynix, Toshiba, Thomson Locations: Shanghai, China, Northern District, Northern District of California, U.S, Fujian, Xian

☆ ‘The gift that keeps on giving’: Morgan Stanley likes the memory sector and picks its top stocks
▼ + stars: | 2023-11-08 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

The tech theme has been reigning supreme this year and one segment in particular stands out to Morgan Stanley: the memory sector. The Morgan Stanley analysts have penciled in a 14% price hike for NAND and 10% increase for DRAM this quarter. Even so, Morgan Stanley says that the recovery in the memory sector is just starting and is still "front-running a lot of good things that are supposed to happen much later." Top pick and buy-rated stocks The optimistic outlook for the memory sector spells good news for a raft of stocks in Asia. Morgan Stanley is overweight on the stock and gives it a price target of 500 New Taiwanese dollars ($15.52), or around 1% upside.

Persons: Morgan Stanley, Morgan, Shawn Kim, Nvidia, — CNBC's Michael Bloom Organizations: Korean chipmaker SK Hynix, Samsung Electronics, —, SK Hynix, Korean, SK Hynix —, Samsung, Phison Electronics Locations: HBM, Asia

☆ The world's two largest memory chipmakers signal demand weakness may have bottomed out
▼ + stars: | 2023-11-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The recent earnings calls of the world's two largest memory chipmakers signaled that weak demand may have finally bottomed out. This followed a 85.15% drop in first quarter operating profit from the previous quarter and a small 4.68% improvement in second-quarter operating profit from the first quarter. Such memory chips are found in consumer devices such as laptops and smartphones. During the pandemic, companies stockpiled memory chips to meet record electronics demand, but were left with excess inventory when that pressure eased. Inflation has caused consumers to rein in spending and cut back on purchases of consumer devices, driving down demand and prices for memory chips.

Persons: James Lim, Lim, Samsung Organizations: SK Hynix, Dalton Investments, CNBC, South, U.S, Micron

☆ Forget the megacaps. Bernstein likes these global stocks from an 'unloved' corner of tech
▼ + stars: | 2023-10-31 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"Going forward, we still find valuation/earnings support for value tech stocks over growth or expensive tech names," the analysts wrote. "We would recommend avoiding expensive tech names as well as tech stocks that are unprofitable and expected to remain unprofitable." These are some names in its screen of value Asia tech stocks: MediaTek , JD.com , Lenovo Group , Foxconn Technology and Samsung SDS. And these are some of those that showed up on its screen of high-growth Asia tech stocks: Naver , SK Hynix , AAC Technologies , Luxshare and Kakao Games. On the whole, Bernstein is relatively positive on the Asia tech sector.

Persons: they're, Bernstein, we've, — CNBC's Michael Bloom Organizations: Stock, Lenovo Group, Foxconn Technology, Samsung SDS, SK Hynix, AAC Technologies, Kakao Locations: Asia, China, U.S

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