On August 12, SK hynix rose 5.52% in regular trading, reaching $148.1 per share with turnover of $6.96 billion. Multiple positive catalysts converged to propel the stock higher.

On the news front, Singapore sovereign wealth fund Temasek Holdings is reportedly in discussions to invest in Samsung Electronics and SK hynix, sending shares surging over 8% during the Korean trading session. Additionally, Samsung and SK hynix are expected to unveil new shareholder return plans as early as late August, with a combined scale potentially exceeding 200 trillion KRW — a historic high. Both companies plan to allocate 50% of free cash flow to shareholder returns.

Meanwhile, SK hynix subsidiary Solidigm has restarted construction of its second NAND flash factory in Dalian, China, aiming to boost local monthly capacity by approximately 50% to 150,000 wafers. Equipment installation is targeted for November, with mass production planned for H1 next year. AI data center expansion driving NAND prices up nearly tenfold year-over-year is the core catalyst behind the expansion. Strong earnings from CoreWeave and Super Micro Computer further lifted storage sector sentiment broadly.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)