SK Hynix Target Price Rises on HBM Gains - 조선일보

SK Hynix is seeing its stock target price rise amid strong demand and price increases for its flagship high-bandwidth memory (HBM) product. Mirae Asset Securities upgraded its target price to 4.2 mill... Read original →

SK Hynix’s premium-priced HBM contracts and expanded long-term supply deals are triggering a cascade across the AI hardware stack: NVIDIA’s GB200 platforms’ reliance on HBM3E is diverting TSMC’s CoWoS capacity toward memory interfaces, indirectly inflating logic chip foundry costs. Tightening U.S. export controls on advanced packaging tools may raise SK Hynix’s domestic HBM fab costs by over 15%, yet enhance supply chain sovereignty. As Samsung accelerates HBM4 standardization, SK Hynix’s Nasdaq ADR listing and potential inclusion in the Philadelphia Semiconductor Index represent a strategic bid for AI capital pricing power—channeling passive investment flows and constraining rivals’ financing agility. Over the next 18 months, a widening HBM supply-demand gap (projected at 30%) will redirect industry capex toward high-end DRAM, while Taiwan, China-based players, bottlenecked by CoWoS constraints, are unlikely to capture meaningful share.