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☆ Strength in AI chips is unlikely to offset overall weakness in demand for SK Hynix: Analyst
▼ + stars: | 2023-07-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrength in AI chips is unlikely to offset overall weakness in demand for SK Hynix: AnalystSK Kim of Daiwa Capital Markets discusses SK Hynix's latest earnings and the severe competition the company may face regarding AI-related chips in the future.

Organizations: SK Hynix, SK Kim, Daiwa, Markets, SK Hynix's

☆ Maxlinear scraps nearly $4 bln deal for Taiwan's Silicon Motion
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +1 min

July 26 (Reuters) - U.S. chipmaker Maxlinear (MXL.O) said on Wednesday it has scrapped a near $4 billion deal to acquire Taiwan-based Silicon Motion . MaxLinear had agreed to buy the memory controller-maker Silicon Motion in May last year in a cash-and-stock deal worth $4 billion. Memory controllers are used to manage data in memory chips. NAND flash memory chips do not need power to retain data and are used in smartphones, personal computers and data center servers. MaxLinear was to pay $93.54 in cash and about 0.4 of its share for each Silicon Motion's American depositary shares, representing a total consideration of $114.34 per ADS.

Persons: chipmaker, MaxLinear, Akash Sriram, Chavi Mehta Organizations: Kioxia, Micron Technology, Samsung, SK Hynix, Western, Silicon, Thomson Locations: Taiwan, U.S, Bengaluru

SEOUL, July 26 (Reuters) - South Korea's SK Hynix (000660.KS) on Wednesday posted a worse-than-expected quarterly operating loss on weak memory chip pricing and demand, but said the market was beginning to recover from a deep downturn. In particular, memory chip demand from corporate buyers and gaming personal computers is expected to increase in the second half of the year versus the first, the world's second-biggest memory chip maker said in a statement. This compared with expectations for a 2.7 trillion won operating loss, according to 22 analyst views compiled by Refinitiv SmartEstimate, weighted toward analysts that are more consistently accurate. SK Hynix has reported losses each quarter since the fourth quarter of 2022, although the June quarter loss narrowed from a record of 3.4 trillion won loss in the March quarter. A boom in artificial intelligence, however, helped SK Hynix boost sales of high-end DRAM chips in the second quarter and narrow losses from the previous quarter.

Persons: Refinitiv SmartEstimate, 1,274.1300, Joyce Lee, Heekyong Yang, Christopher Cushing, Jamie Freed Organizations: Korea's SK Hynix, SK Hynix, Revenue, Thomson Locations: SEOUL

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Persons: That's, they're, Price, 4TB, it’s, it's, It's, we've, Price Razer, SteelSeries, Price Hori, Con, Ed, it'll, Price LG, Price Dell, You'll, Zelda Organizations: Amazon, ASUS, Intel, AMD, Razer, Walmart, Asus, Nvidia, Prime, SK, SK Hynix, Deal SK hynix, Samsung, PlayStation, Seagate, Toshiba, Price Samsung, Price Logitech, Logitech, Bluetooth, Wired, Meta, Amazon Deal, Gray, Super Nintendo Entertainment, Duo, Stratus, Nintendo, Lightspeed, Apex, Monitor Samsung, LG Locations: it's

☆ South Korea wants to be a top A.I. hub — its chip dominance could be an advantage
▼ + stars: | 2023-07-06 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Jung Yeon-je | Afp | Getty ImagesSouth Korea's dominance in the memory chip market and a robust artificial intelligence ecosystem gives it an advantage in the global AI chip race, said industry observers. South Korea dominating in the memory market is definitely an advantage," said James Lim, senior research analyst at Dalton Investments. "South Korea seeks to emerge as a prominent player in rapidly growing and promising areas such as AI semiconductors," said Lee. "South Korea has a robust local AI ecosystem, capable of competing with global tech giants," said Sung Nako, executive for large scale AI development at South Korean internet giant Naver. ChatGPT maker OpenAI's CEO Sam Altman had urged South Korea to lead AI chip production during his meeting with South Korean President Yoon Suk-yeol in June.

Persons: Jung Yeon, James Lim, Lee, Dylan Patel, SemiAnalysis, ., TrendForce, Sung Nako, Sam Altman, Yoon Suk, Altman, Dalton's Lim, Geoffrey Cain Organizations: Getty, Dalton Investments, CNBC, Samsung, SK Hynix South, Samsung Electronics, SK Hynix, Science, Micron, South, South Korean, Nvidia, Intel Locations: Seoul, Korea, South Korea, China, U.S

The announcement did not name Choi and gave only limited details, although some media subsequently identified Choi and his links with Foxconn. The unreleased 18-page indictment, reviewed by Reuters, provides details in the case against Choi, including how he is alleged to have stolen Samsung's trade secrets and details about the planned Foxconn plant. Choi's Singapore-based consultancy Jin Semiconductor won the contract with Foxconn around August 2018, according to the indictment. According to the indictment, the new Foxconn plant had planned capacity of 100,000 wafers per month using 20-nanometre DRAM memory chip technology. However, Foxconn ended the contract just a year later and only paid salaries related to the project, the lawyer said.

Persons: Kim Hong, Choi Jinseog, Taiwan's Foxconn, Choi, Kim Pilsung, Cho Young, sik, Samoo, Choi's, Chung Chan, Kim, Foxconn, Cho, HanmiGlobal, Chung, Lee Jong, Lee, Jin Semiconductor's, Yoon Suk, 1,294.4600, Heekyong Yang, Ben Blanchard, Chen Lin, Josh Ye, Miyoung Kim, Lincoln Organizations: Samsung Electronics, REUTERS, Samsung, South, Prosecutors, Reuters, Jin Semiconductor, Foxconn, Samoo Architects & Engineers, Google, SK Hynix, Samsung's, Sangmyung University, Hai Precision Industry Co Ltd, South Korean, Thomson Locations: Suwon, South Korea, SEOUL, China, Choi's Singapore, Xian , China, HanmiGlobal, South, CHINA, United States, Taipei, Singapore, Hong Kong

☆ Analysts reveal a $12 billion opportunity to tap the A.I. buzz, naming stocks to play it
▼ + stars: | 2023-06-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

As the use of AI grows, more and more memory is required; indeed, Morgan Stanley called memory the "foundational building blocks" of artificial intelligence. Nvidia and DRAM Nvidia has been at the center of the AI buzz, and it recently reported much better-than-expected results and a huge forecast beat driven by strong AI demand. Samsung Electronics Another top pick for both Morgan Stanley and Citi is Samsung Electronics . Morgan Stanley says Samsung is an indirect beneficiary of tighter supply driven by AI GPU and server demand. "We view our OW call as more defensible on costs, balance sheet strength and the ability to weather a severe downturn better," Morgan Stanley said.

Persons: Morgan Stanley, Henry Mallari, It's, BofA, Samsung, — CNBC's Michael Bloom Organizations: Ariel Investments, CNBC Pro, Citi, Nvidia, Microsoft, Google, Bank of America, AMD, Intel, NVIDIA, SK Hynix South, SK Hynix South Korean chipmaker SK Hynix, Korean, SK Hynix, Samsung Electronics, Samsung Locations: Korea, SK Hynix South Korean

Hong Kong/Seoul CNN —South Korean prosecutors have indicted a former Samsung executive for allegedly working with competitors who tried to build a copycat semiconductor factory in China. In a Monday statement, the Suwon district prosecutor’s office said it had charged a 65-year old former employee of what it called “Company A” over data theft. Prosecutors said the executive then tried to use that information to build a “duplicate” plant in the Chinese city of Xi’an, about 1.5 kilometers (one mile) away from a Samsung semiconductor factory. News agency Yonhap identified the second company as SK Hynix, another South Korean chip giant. Reuters reported that the attempt to build the new plant using Samsung data between 2018 and 2019 ended in failure due to funding issues.

Persons: wasn’t, Prosecutors, Yonhap Organizations: Seoul CNN — South, Samsung, “, SK Hynix, Prosecutors, Industrial Technology Protection, Reuters Locations: Hong Kong, Seoul, China, Suwon, Xi’an, Taiwan, Singapore, South Korea’s, South Korea, United States, Netherlands, Japan, Washington, Beijing

☆ Ex-Samsung Elec executive indicted over alleged data theft for China factory
▼ + stars: | 2023-06-12 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

SEOUL, June 12 (Reuters) - South Korean prosecutors said they indicted a former Samsung Electronics (005930.KS) executive on Monday on suspicion of stealing the company's technology to build a chip factory in China. He worked a combined 28 years at the South Korean chipmakers, prosecutors said. The attempt to build the new plant using Samsung data, however, ended in failure due to funding issues, a prosecutor said. South Korean President Yoon Suk Yeol has described competition in the industry as an "all-out war" amid heightened Sino-U.S. tensions. South Korea's Samsung and SK Hynix, the world's top two makers of memory chips, have invested billions of dollars in chip factories in China.

Persons: Prosecutors, Yoon Suk, 1,291.7700, Soo, hyang Choi, Raju Gopalakrishnan, Jason Neely Organizations: Samsung Electronics, SK Hynix, Samsung, Prosecutors, Reuters, Korea's Samsung, Thomson Locations: SEOUL, China, Xian, Suwon, Korean, South Korea, U.S

☆ A former Samsung exec stole plans for a chipmaking plant in China — then tried to replicate it across town, prosecutors say
▼ + stars: | 2023-06-12 | by ( Associated Press | Will Gendron | ) www.businessinsider.com time to read: +4 min

An ex-Samsung executive has been indicted on charges of stealing company secrets for a chip plant. The 65-year-old man tried to use the stolen plans to build a copycat facility, prosecutors said. The copycat chipmaking plant would have been less than a mile from Samsung's in Xi'an, China. A former Samsung executive stole blueprints and trade secrets from his ex-employer — and then tried to set up a microchip factory in China less than a mile away from Samsung's own, prosecutors said. The technology prosecutors said was stolen by the man's China-based company would have been worth at least $233 million for Samsung.

Persons: —, wasn't, China —, Yonhap, … Organizations: Samsung, Morning, South, AP, Prosecutors, Korean Herald, SK Hynix Locations: Samsung's, Xi'an, China, Korea, South Korean, South Korea, Suwon, Singapore

☆ South Korea vows support for its chip sector amid China-US tension
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 8 (Reuters) - South Korea pledged support for its chip sector on Thursday, with President Yoon Suk Yeol describing competition in the industry as an "all-out war" amid heightened Sino-U.S. tension. The government plans to help expand research and development, bolster smaller players, strengthen legal protection for chip technology and set up a chip testing facility, the industry ministry said in a statement. South Korea has sought to avoid becoming embroiled in a tit-for-tat row between China and the United States over semiconductors. On one hand, chipmakers Samsung Electronics Co Ltd (005930.KS) and SK Hynix Inc (000660.KS) depend on U.S. technology and equipment. At the same time, about 40% of South Korea's chip exports go to China, trade ministry data showed.

Persons: Yoon Suk, Yoon, Fitch, Joyce Lee, Edwina Gibbs, Christopher Cushing Organizations: Companies, Samsung Electronics Co, SK Hynix Inc, Washington, Samsung, SK Hynix, SK Hynix's, SK, Thomson Locations: SEOUL, South Korea, United States, Korea, China, U.S

☆ U.S.-China chip war could hurt South Korea's tech giants — but not for long, Fitch says
▼ + stars: | 2023-06-08 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The U.S.-China chip war could impact South Korea's chip giants as China accounts for a large chunk of their production capacity — but there shouldn't be long-term disruptions, according to Fitch Ratings. Samsung Electronics and SK Hynix face risks as the U.S. seeks to block China's access to advanced semiconductor chip equipment, according to the June 7 report. China accounts for 40% of Samsung's total flash memory chips (NAND) production capability, said the analysts led by Matt Jamieson. The U.S. in October introduced sweeping rules to cut off China's access to obtain or manufacture high-tech semiconductor chips. Memory chips are storage devices used in computers, smartphones and tablets.

Persons: Matt Jamieson Organizations: U.S, Fitch, Samsung Electronics, SK Hynix, SK, Micron Locations: China, U.S, Korea, Netherlands, Japan

☆ Morgan Stanley: This stock provides a cheaper way to play Nvidia's A.I. boom
▼ + stars: | 2023-06-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Artificial intelligence is gaining in popularity, but there's a "cheaper" way to play it, according to Morgan Stanley. "Memory is a cheaper way to play the start of AI's explosive new decade-long growth phase," Morgan Stanley analysts wrote in a May 29 note. BofA in a separate June 1 report also named SK Hynix as a top pick, saying it will benefit from Nvidia's push into AI. It gave SK Hynix a price target of 160,000 won, or upside of more than 40%. Stocks are "materially cheaper" now than in the previous cycle, Morgan Stanley said.

Persons: Morgan Stanley, Morgan Stanley's, —, — CNBC's Michael Bloom Organizations: Korean chipmaker SK Hynix, SK Hynix, Nvidia, NVIDIA

☆ China, South Korea agree to strengthen talks on chip industry, Chinese commerce ministry says
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +2 min

[1/3] Printed Chinese and South Korean flags are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/IllustrationBEIJING, May 27 (Reuters) - China and South Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions and national security, China's commerce minister said. Wang Wentao met with South Korean Trade Minister Ahn Duk-geun on the sidelines of the Asia-Pacific Economic Cooperation (APEC) conference in Detroit, which ended on Friday. Wang also said that China is willing to work with South Korea to deepen trade ties and investment cooperation. South Korea is in the crosshairs of a tit-for-tat row between the United States and China over semiconductors.

☆ Samsung, SK Hynix shares rise after China fails U.S. rival Micron in security review
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: 1 min

SEOUL, May 22 (Reuters) - Shares in South Korea's Samsung Electronics <005930.KS> and SK Hynix (000660.KS) rose in morning trade on Monday after China failed U.S. memory chip rival Micron Technology (MU.O) in a security review. China's cyberspace regulator said on Sunday that products made by Micron had failed its network security review, and it would bar operators of key infrastructure from buying from the company. Samsung shares were up 0.7%, while SK Hynix shares rose 1.1% versus the wider market's (.KS11) 0.8% gain. China had announced its review of Micron's products in late March, after Washington imposed a series of export controls on chipmaking technology to China. SK Hynix had no comment.

☆ Analysis: China's Micron ban highlights chipmakers' dilemma as Sino-U.S. tensions grow
▼ + stars: | 2023-05-22 | by ( Joyce Lee | ) www.reuters.com time to read: +5 min

SEOUL, May 22 (Reuters) - China's ban on the use of U.S.-based Micron Technology's (MU.O) 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. Such tit-for-tat policies will make investment decisions difficult for all chipmakers, said Kim Sun-woo, analyst at Meritz Securities in Seoul. Analysts recommended accepting the rounds of Sino-U.S. trade war as status quo, while roundabout ways of importing memory chips may emerge in response to any further geopolitical pressure. "(Korean chipmakers) are stuck in the middle and being bothered by all sides," said Kim at Meritz.

☆ China Bans Some Sales of Chips From U.S. Company Micron
▼ + stars: | 2023-05-21 | by ( Chang Che | ) www.nytimes.com time to read: +1 min

Beijing on Sunday told Chinese companies that deal with critical information to stop purchasing products from Micron Technology, the U.S.-based manufacturer of memory chips used in phones, computers and other electronics. Many analysts viewed the move as retaliation for Washington’s efforts to cut off China’s access to high-end chips. The decision to bar Micron from selling its chips to key companies could have a ripple effect through China’s supply chains as Micron’s Chinese customers seek to replace the U.S. memory chips with homegrown or Korean versions. South Korean chip makers like Samsung and SK Hynix are Micron’s competitors and already do significant business with China. Micron said at the time that it was “cooperating fully” with the investigation and that its China business was operating as normal.

Japan's Kioxia and U.S. chipmaker Western Digital have been hit hard by plunging market demand and oversupply. Combining their flash memory businesses could boost competitiveness against rivals like South Korea's Samsung Electronics (005930.KS). Western Digital did not respond immediately to a request for comment. Kioxia, previously Toshiba Memory, was sold by Toshiba Corp (6502.T) in 2018 to a consortium led by Bain Capital for $18 billion. Kioxia and Western Digital were in merger talks in 2021 before the negotiations stalled over a series of issues including valuation discrepancies.

☆ TrendForce says SK Hynix to raise China legacy chip output capacity
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File PhotoSEOUL, May 4 (Reuters) - South Korea's SK Hynix Inc (000660.KS) plans to expand its legacy chip production capacity at its chip manufacturing facilities in 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 China chip production site caters to domestic demand in China and the legacy DRAM memory chip market, the TrendForce report said. SK Hynix did not immediately respond to a Reuters request for comment on Thursday. Last year, SK Hynix said it had received authorisation from the U.S. Commerce Department for a year to supply equipment needed for chip production in facilities in china, without seeking additional licensing requirements.

☆ Samsung's profit plunged 95% amid weak memory chip demand
▼ + stars: | 2023-04-27 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

(Photo by Joan Cros/NurPhoto via Getty Images)South Korean electronics giant Samsung's operating profit plunged in the first quarter as prices for its memory chips continued to fall and demand remained weak. Here are Samsung's earnings at a glance in the first quarter:Revenue: 63.75 trillion Korean won (about $47.6 billion). That is on par with Samsung's own guidance of approximately 63 trillion Korean won but below the 63.9 trillion won expected by analysts, according to Refinitiv consensus estimates. Operating profit: 640 billion Korean won (roughly $478.55 million), down from 14.12 trillion won a year earlier. The company issued guidance earlier this month saying Q1 profit would be 600 billion Korean won.

☆ Korea’s Stock Market Shines Even as Economy Dims
▼ + stars: | 2023-04-26 | by ( Frances Yoon | ) www.wsj.com time to read: 1 min

Inside a dealing room at Hana Bank in Seoul on April 25. Photo: yonhap/ShutterstockShould a slowing economy lead to a weak stock market? Not judging by the performance of South Korea’s benchmark index this year. The country’s stock market is the best performer in Asia and one of the top indexes in the world so far this year. The Kospi Composite Index has risen more than 11% since Jan. 1, fueled by a rally in the shares of big technology companies like Samsung Electronics Co. and SK Hynix Inc., which together account for a fifth of the index.

☆ Why Korea Is Beating Other Asian Stock Markets
▼ + stars: | 2023-04-26 | by ( Frances Yoon | ) www.wsj.com time to read: 1 min

South Korea’s stock market is the best performer in Asia and one of the top indexes in the world so far this year. Photo: yonhap/ShutterstockShould a slowing economy lead to a weak stock market? Not judging by the performance of South Korea’s benchmark index this year. The country’s stock market is the best performer in Asia and one of the top indexes in the world so far this year. The Kospi Composite Index has risen more than 11% since Jan. 1, fueled by a rally in the shares of big technology companies such as Samsung Electronics Co. and SK Hynix Inc., which together account for a fifth of the index.

☆ US futures bounce but bank worries boost safer bets
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +3 min

Nasdaq futures were up 1.3% and S&P 500 futures up 0.4% following better-than-expected profits at Microsoft (MSFT.O) and a $70 billion stock buyback at Google parent Alphabet (GOOGL.O). Facebook parent Meta Platforms (META.O) reports later in the day, with U.S. markets on edge over softening U.S. data and fresh regional bank jitters. On Tuesday, First Republic Bank (FRC.N) shares were sold to a record low after the bank disclosed a $100 billion plunge in deposits. The S&P 500 (.SPX) and Nasdaq (.IXIC) both fell heavily while bonds rallied sharply and interest rate futures markets priced in a higher chance of Fed cuts later in the year. Two-year Treasury yields dropped 18.7 basis points on Tuesday and were steady at 3.9365% in Asia.

☆ Second quarter will probably be bottom of earnings for SK Hynix, analyst says
▼ + stars: | 2023-04-26 | 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 EmailSecond quarter will probably be bottom of earnings for SK Hynix, analyst saysSanjeev Rana of CLSA says demand for memory chips has been 'very weak,' but it expects a gradual recovery in the second half of the year.

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