SK hynix shares plummeted 14.65% in Seoul on Tuesday, marking a major 2026 decline.
The chipmaker has lost nearly $600 billion in market value since its June peak.
U.S.-listed shares closed below their IPO price for the first time amid a global semiconductor rout.
Investors cite concerns over China’s chip-making progress and potential market oversupply.
Fears of an overheating AI boom and rising memory costs are further impacting sentiment.
The company is still expected to report record earnings this Wednesday.