Core Viewpoint - SK Hynix is investing 19 trillion Korean won ($12.9 billion) to build a new advanced packaging plant to meet rising demand driven by the artificial intelligence boom [1][2]. Company Summary - The new fabrication facility will be located in Cheongju, South Korea, with construction starting in April and completion targeted for the end of 2027 [2]. - SK Hynix is a leading global producer of memory chips and is at the forefront of high-bandwidth memory (HBM) technology, which is essential for AI processors, including those from Nvidia [2][3]. Industry Summary - The HBM market is projected to grow at a compound annual growth rate of 33% from 2025 to 2030, driven by increasing global AI competition [3]. - The shift towards AI demand has strained supplies of conventional memory chips, raising concerns about potential shortages affecting the broader electronics industry [3]. - In response to rising demand, memory chip manufacturers, including SK Hynix and Samsung Electronics, are expanding production capacity [4].

By Anna Szymanski What matters in U.S. and global markets today By Anna Szymanski, Editor-in-Charge, Reuters Open Interest Global investors are trying to get their bearings amid a flood of geopolitical headlines – mostly courtesy of the U.S. president. Wall Street slipped on Wednesday after touching a record high earlier in the session, Asian stocks traded down today and oil stabilized after dropping sharply yesterday on news of U.S. plans to buy sanctioned Venezuelan crude. And in the ​latest twist i ...

Samsung Electronics on Tuesday projected a 32% rise in third-quarter operating profit from a year earlier, beating analysts' estimates as demand for conventional memory chips helped offset the company... ...