SK hynix Inc. is trading 5.3% down today at €1,345 following a major announcement at the Computex conference in Taipei.
- At the conference, SK Group's chairman announced that the company aims to double its memory chip wafer capacity over the next five years to meet surging demand from the AI industry.
- This significant, long-term capital expenditure plan may be raising investor concerns about near-term costs and potential future oversupply, overshadowing the positive demand signals.