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Asian Chip Stocks Climb as Alphabet Spending Revives AI Momentum

Bloomberg Markets Thursday 23 July 2026, 02:35 UTC By Kurt Schussler 1 min read
Key Points

Asian Chip Stocks Climb as Alphabet Spending Revives AI Momentum Asian semiconductor stocks rose as Alphabet Inc.’s plans to spend up to $200 billion this year on artificial intelligence computing power refueled optimism over trickle-down benefits. Memory maker SK Hynix Inc., which gets more than 7% of its sales from the Google parent, climbed as much as 6.5% in Seoul. Taiwanese chip designer MediaTek Inc., which is reported to be working on custom processors for Alphabet, gained as much as...

Asian Chip Stocks Climb as Alphabet Spending Revives AI Momentum Asian semiconductor stocks rose as Alphabet Inc.’s plans to spend up to $200 billion this year on artificial intelligence computing power refueled optimism over trickle-down benefits. Memory maker SK Hynix Inc., which gets more than 7% of its sales from the Google parent, climbed as much as 6.5% in Seoul. Taiwanese chip designer MediaTek Inc., which is reported to be working on custom processors for Alphabet, gained as much as 5.2%.
Asian (ORG) Alphabet Inc.’s (ORG) SK Hynix Inc. (ORG) Google (ORG) Seoul (LOCATION) Taiwanese (ORG) MediaTek Inc. (ORG) Alphabet (ORG)
Originally published by Bloomberg Markets Read original →

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