SK Hynix Stock Jumps Nearly 6% After First 100 Trillion Won Quarter
SK Hynix stock rose 5.67% from Tuesday’s close to 1.417 million won in early Seoul trading on Wednesday. The chipmaker had posted record quarterly sales of 104.6 trillion won ($78.9 billion) and forecast memory shortages through 2030. That outlook runs against how investors had been pricing chip stocks. Goldman Sachs…
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Semiconductor
A material, usually silicon, used to make the chips that process and store information in electronic devices.
Chips power everything from phones to cars, so their supply has become a strategic issue for governments.
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