On July 20, SK Hynix rose 4.16% overnight, trading at $160.50/share, with turnover of $24.63 million. The rebound follows a steep sell-off exceeding 20% over the prior week driven by Korean monetary tightening and leveraged ETF liquidations.

On the news front, SK Group Chairman Chey Tae-won confirmed that SK Hynix is actively scouting chip factory locations in the United States, citing memory chip demand far exceeding supply. The move aims to boost supply capacity while addressing persistent US government pressure for Korean chipmakers to expand domestic production. This follows earlier reports that SK Hynix CEO expects the global memory shortage to persist beyond 2030, with customers signing long-term contracts amid prolonged supply constraints.

Additionally, multiple analysts have highlighted that SK Hynix's forward P/E ratio for 2027 has fallen to approximately 3.5x — a historically extreme low — with institutions such as Meritz Securities calling current levels an exceptional contrarian entry point. Chairman Chey publicly stated that memory chip demand is growing exponentially and that the stock's long-term trajectory will trend upward.

(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.)