Business & Finance
South Korean chip shares rally after Micron's upbeat earnings
Key Points
South Korean chip shares rally after Micron's upbeat earnings SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology's quarterly results and forecast topped expectations, boosting optimism over sustained demand for AI-related chips. Shares of SK Hynix and Samsung Electronics rose as much as 11.1 per cent and 5.9 per cent, respectively, in early morning trade, tracking gains in U.S. chip stocks after Micron's earnings reinforced...
South Korean chip shares rally after Micron's upbeat earnings
SEOUL, June 25 : South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology's quarterly results and forecast topped expectations, boosting optimism over sustained demand for AI-related chips.
Shares of SK Hynix and Samsung Electronics rose as much as 11.1 per cent and 5.9 per cent, respectively, in early morning trade, tracking gains in U.S. chip stocks after Micron's earnings reinforced confidence in the memory chip sector.