美光 · 822

SK Hynix and Samsung shareholder return plans questioned: Micron and SanDisk call for 100% refund of excess cash

Comparatively, after Samsung Electronics and SK Hynix announced the introduction of a shareholder return plan to use more than 50% of free cash flow (FCF) for shareholder returns, SanDisk (SanDisk) and Micron (Micron) proposed to return 100% of “excess cash (excess cash)” to shareholders, causing the market to question the relatively low level of shareholder returns of Korean semiconductor companies. However, the Korean industry and financial institutions pointed out that the definitions of cash indicators based on the two types of policies are not the same, and it is unfair to just compare the ratio of “50%” to “100%.” The industry believes that Korean corporate return policies based on FCF are more definitive in terms of monetary forecasting, execution standards, and transparency. According to our understanding, FCF generally refers to the cash generated by an enterprise through business activities, the remaining cash after deducting investment expenses such as capital expenses (CAPEX), etc., which can be calculated more objectively through data such as cash flow statements. Samsung Electronics previously announced that 50% of the three-year cumulative FCF from 2024 to 2026 will be used for shareholder returns; SK Hynix also plans to use more than 50% of the cumulative FCF for shareholder returns between 2025 and 2027. (Yonhap)

1m ago

Korean retail investors are frantically betting on the recovery of the memory chip sector: 118.5 billion won in a single week to buy US memory ETFs

According to data from the Korea Securities Depository and Settlement Agency, Korean retail investors made net purchases of the “Roundhill Memory ETF” between August 14 and 20 this week, making it the second-largest net purchase of the country's overseas individual stocks and ETF investments (after Alphabet, Google's parent company). This ETF is an actively managed product, mainly investing in major memory chip companies such as Samsung Electronics, SK Hynix, and Micron. Recently, memory chip stocks have clearly picked up. The stock prices of SK Hynix and Samsung Electronics rose 21.6% and 21.8% respectively from August 10 to 21, both exceeding the 10.4% increase of the Korea Composite Index (KOSPI) during the same period. In the US market, Micron rose about 11% over the same period, and SanDisk increased by about 32%. South Korea's domestic ETF market also saw capital inflows. The data shows that the net inflow of the “TIGER US S&P500 ETF” tracking the S&P 500 index from August 14 to 20 was 1709 billion won, and the net inflow of the “KODEX US NASDAQ 100 ETF” tracking the NASDAQ 100 index was 132.3 billion won. Market participants believe that as expectations for the recovery of the semiconductor cycle heat up, investors are increasing their allocation to the AI chip and memory chip industry chain. (Daum) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

11h agoburnking

US stocks opened higher, crypto concept stocks generally rose, HYPE Treasury rose more than 9%

Comparative news, when US stocks opened, the Dow rose 0.5%, the S&P 500 index rose 0.4%, and the NASDAQ rose 0.4%. According to BIT (bit.com) market data, in terms of technology stocks, Micron Technology rose 1%, and the company's CEO said that currently customer demand exceeds the company's supply by about 50%. Broadcom rose 1.6%, and the company sought more than $60 billion in debt financing to provide chip infrastructure for AI companies. Crypto concept stocks are generally rising. Among them, HYPE treasury company PURR led the way, opening up more than 9%. MSTR is up 4.08% and BMNR is up 2.13%. COIN rose 5.52% and CRCL rose 6.35%. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1d agoburnking

Bank of Montreal launches Nvidia and Micron technology coverage study

Comparing news, the Bank of Montreal launched a coverage study on Nvidia (NVDA.O) and gave it an outperforming market rating, with a target price of 340 US dollars. A coverage study was launched for Micron Technology (MU.O) to give it an outperforming market rating, with a target price of $1,300.

1d ago

Micron Announces $100 Million Investment to Set Up Research Laboratories

Comparing news, the CEO of Micron Technology announced the establishment of Micron Research Labs (Micron Research Labs), which plans to invest 10 billion US dollars, and the investment cycle is decades long. The lab will bring together customers, suppliers, academia, government, and the broader semiconductor ecosystem to break through existing technology roadmaps and explore future possibilities. Micron said the move reflects a long-term commitment to early innovation. The company's team has accumulated more than 6.2 million patents. Micron Research Laboratories will join Micron's investment portfolio of more than $250 billion in the US manufacturing industry, and is expected to create more than 90,000 US jobs, covering fabs, engineers, technicians, apprentices, suppliers, and communities. Micron emphasized that current decisions will determine who can lead the AI economy in the future. America's AI future will be built on memories made in the US, and these memories are produced by Micron.

1d ago

SK Hynix plans to spend tens of trillion won to build a semiconductor factory in Miyagi Prefecture, Japan

Comparatively, according to Yonhap News Agency's Infomax report, SK Hynix is advancing plans to build a semiconductor factory in Miyagi Prefecture, Japan, with an investment scale of tens of trillion won. SK Group Chairman Choi Tae-won recently personally visited the region. Miyagi Prefecture is one of the three major semiconductor industry bases supported by the Japanese government. According to the report, the plant is an overseas production base established by SK Hynix outside of the Yongin and Hunan clusters in South Korea to meet the continuing tight global memory supply and demand situation. If the plan is implemented, SK Hynix will become the third foreign semiconductor company to set up a factory in Japan after Micron and TSMC. The report pointed out that as the US continues to pressure South Korean companies to expand their investment in the US, this investment in Japan may further increase the pressure on the US side. At the same time, the Japanese government's subsidy policy is also an important factor to consider. SK Hynix has yet to officially respond to this news. Earlier, on August 20, SK Hynix just announced a 40 trillion won share repurchase and cancellation plan.

1d ago

US stocks closed, and the storage and optical communications sectors strengthened

Comparative news, according to MSX.COM data, US stocks closed, and the storage and optical communication sectors strengthened. SK Hynix rose more than 4%, Micron Technology rose more than 3%, and Sandisk rose more than 2%. Additionally, Applied Optoelectronics rose more than 5%, and Lumentum rose more than 6%. Walmart shares closed down 9.2%, the biggest one-day decline since May 2022.

1d ago

The three major US stock indexes closed down this morning. Maywell rose 5.8%, and cryptocurrency concept stocks generally rose

Comparative news is that US stocks closed on Thursday. The Dow initially closed down 1.3%, the S&P 500 index fell 0.86%, and the NASDAQ fell 1%. Moderna fell 23.5% and Maywell Technology Group rose 5.8%. The storage sector generally rose, with Micron Technology up about 4%, SanDisk up 2%, and Seagate 2.12%. In terms of cryptocurrency concept stocks, MSTR rose 7.81%, CRCL up 6.42%, COIN 7.58%, BMNR 6.62%, SBET 7.20%, and PURR 7.35%.

1d ago

US stocks opened, and the three major stock indexes generally fell

Comparative news, according to BIT (bit.com) market data, when US stocks opened, the Dow fell 0.6%, the S&P 500 index fell 0.3%, and the NASDAQ fell 0.5%. Micron Technology (MU.O) rose 0.4%, and the company increased memory research and development in the US, and plans to invest 10 billion US dollars over 10 years. Walmart (WMT.N) fell 7%, the Q2 same-store sales growth rate hit a six-year low, and full-year profit guidance fell short of expectations. SK Hynix (SKHY.O) rose 4%, and labor and management reached a preliminary salary agreement. Alibaba (BABA.N) dropped 4.7% after the results.

2d ago