[Featured Stock] SK Hynix Rises Over 5% Intraday

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] SK Hynix is showing a rise of over 5% in the early trading session. The positive outlook on the semiconductor industry, along with the announcement of a purchase contract for extreme ultraviolet (EUV) scanners with ASML, is analyzed to have positively influenced the stock price.

At 9:18 a.m. on the 25th, SK Hynix was trading at 143,000 KRW, up 5.15% from the previous session. During the day, the stock price rose to 143,000 KRW, approaching a new high of 143,500 KRW.

The previous day, SK Hynix announced that it had signed a supply contract with the Dutch company ASML (ASML Holding N.V.) for EUV (Extreme Ultraviolet) scanners worth 4.75492264 trillion KRW. The company explained, “The purpose is to secure EUV equipment to support next-generation process mass production.” Regarding this, Kim Kyung-min, a researcher at Hana Financial Investment, said, “This facility investment will accelerate the patterning speed of some parts of the DRAM process in terms of cost,” and added, “This announcement is positive for SK Hynix’s stock price.”

Meanwhile, in the U.S. stock market the previous day, reflecting the impact of rising semiconductor prices, Western Digital rose about 5%, and the Philadelphia Semiconductor Index closed up 3.2%.

This content was produced with the assistance of AI translation services.