The South Korean chipmaker's record $26.5bn Nasdaq debut was followed by a record sell-off in Seoul after weaker earnings expectations, even as analysts remain constructive on the longer-term AI memory cycle.
The index provider cited unresolved market-accessibility issues for global investors, including limits around Korean won convertibility. Korean semiconductor giant SK Hynix is seeking direct access to US investors amid surging demand for AI memory chips.
The Korean conglomerate wants to give its growth outlook a boost with a larger footprint in Vietnam. A chance to overtake rival chaebol LG in a growing market for electric vehicles is also attractive.
SK Hynix, a leading semiconductor supplier, makes its first US acquisition with the purchase of California-based Link_A_Media Devices, a maker of memory-chip controllers.
