SK Hynix Leveraged ETFs Dominate Samsung in Semiconductor Bets - 조선일보

In a notable divergence in capital flows, the Korean stock market saw significant preference for SK Hynix over Samsung Electronics in single-stock leveraged ETFs between May 27 and 29, 2026. While bot... Read original →

SK Hynix’s overwhelming lead in leveraged ETF flows over Samsung reflects a market bet on pure-play AI memory exposure. Technically, the co-evolution of HBM4 and 3nm logic chips is reshaping advanced packaging ecosystems—TSMC’s CoWoS bottleneck will push SK Hynix deeper into strategic alliances with AMD and Intel, while Samsung’s lagging foundry progress marginalizes its logic-memory synergy. On compliance, tightening U.S.-Korea export controls inflate EUV operational costs; SK Hynix’s focused model enables faster regulatory adaptation, whereas Samsung’s conglomerate structure slows response. Samsung may respond by spinning off its semiconductor unit to unlock valuation clarity and accelerate HBM3E yield ramp. Over the next 12–24 months, sustained AI capex could cement SK Hynix’s pricing power—but a demand peak would trigger sharp ETF-driven sell-offs, amplifying systemic volatility in Korea’s equity market.