Chip stocks boost global markets ahead of SK Hynix blockbuster US debut - Euronext Markets: Real-time Stock Market Data | live

Despite ongoing geopolitical tensions, global markets displayed resilience amid renewed U.S.-Iran hostilities. Investors retained enthusiasm for AI-related stocks, driving major U.S. indices higher. S... Read original →

SK Hynix’s $26.5B Nasdaq debut isn’t just a capital raise—it’s a strategic realignment of the AI chip supply chain. Technically, its HBM3E output directly alleviates memory bottlenecks in NVIDIA’s GB200 platform, spiking demand for TSMC’s CoWoS packaging and boosting foundry bargaining power. On compliance, while SK currently enjoys U.S. export waivers, escalating U.S.-China tech controls could restrict equipment upgrades at its Wuxi and Dalian DRAM fabs, potentially raising operating costs by over 15%. Micron is already countering by fast-tracking its Idaho fab and lobbying to be labeled a ‘trusted supplier,’ aiming to poach SK’s North American clients. Over the next 18 months, AI capex will pivot toward advanced memory, making HBM and CXL interconnects critical battlegrounds. Geopolitical friction will accelerate non-U.S. tool adoption, driving redundant capacity clusters across Japan, Korea, and Taiwan, China.