Investors sell shares of Micron, SK Hynix and Samsung amid concerns about Chinese competition and a possible memory oversupply by 2029. ChangXin Memory Technologies’ planned server-memory product, based on a new architecture, raises questions about its ability to scale, while analysts say it is unlikely to alter supply and demand. Counterpoint expects DRAM prices to decline in 2028, though long-term agreements may make any downturn less severe than previous cycles.
SK Hynix, Samsung Electronics and SoftBank Group shares fall sharply as a U.S. semiconductor sell-off spreads across Asian technology markets. SK Hynix drops more than 8%, Samsung loses 6.7% and SoftBank declines 8.8%, while Japanese chip-equipment and electronics stocks also retreat. Investors weigh concerns about AI financing and competition from China’s CXMT, alongside upcoming corporate earnings and U.S. inflation data.
Samsung, SK Hynix, and Micron shares fall as a global chip sell-off deepens after Broadcom’s CEO compares AI investing to a casino. Samsung declines as much as 8.8%, SK Hynix 9.2%, and Micron 4%, while drops in Samsung and SK Hynix drag South Korea’s Kospi sharply lower as investors fret over the scale of AI investment.
A Taiwan union representing Micron Technology workers says its members authorize a strike over the company's bonus scheme. The union says details remain under discussion and identifies itself as Micron's Taoyuan union in Taiwan.