Overview
- Investors piled into SK Hynix after strong U.S. tech earnings pointed to ongoing spending on AI infrastructure.
- SK Hynix is a leading supplier of high-bandwidth memory, a stacked chip that feeds data to AI accelerators at very high speeds.
- Samsung lagged the sector as its union warned of an 18-day work stoppage starting May 21 unless a new agreement is reached.
- Citigroup cut its outlook for Samsung and pointed to SK Hynix’s stronger standing due to a calmer labor situation.
- Shares of other regional chipmakers, including MediaTek and ASE, also climbed as confidence in AI semiconductor demand broadened.