The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. New investment for memory chips is likely to decline until 1H23 due to a slowdown in memory chip supply-demand conditions. However, SEC’s foundry business is expected to continue expanding its investm
South Korean semiconductor companies’ concerns are growing after the passage of the CHIPS and Science Act of 2022. The act is to provide US$39 billion and a 25 percent tax credit for companies building semiconductor facilities in the United States, and provide US$11 billion for those doing semicondu
The authors are analysts of Shinhan Investment Corp. They can be reached at doyeon@shinhan.com and hyon@shinhan.com, respectively. – Ed. Memory market upturn to hinge on: 1) inventory depletion at client companies; 2) improvement in macro conditionsShare prices of memory chipmakers typically turn to
The World Semiconductor Trade Statistics (WSTS) announced on Aug. 23 that the global semiconductor market’s year-on-year growth rates for this year and next year are estimated at 13.9 percent and 4.6 percent, respectively. For reference, the previous estimates in June were 16.3 percent and 5.1 perce
Samsung Electronics broke ground for a new semiconductor research and development complex in Giheung, Korea on Aug. 19, aiming to extend its leadership in state-of-the-art semiconductor technology.The company plans to invest about 20 trillion won by 2028 for the complex in an area covering about 109
Samsung Electronics is expected to release a 236-layer NAND flash product within this year. In addition, it is planning to open a new R&D center this month and the center will be in charge of developing more advanced NAND flash products.Memory chip makers are competing to increase their layer counts
The U.S. Department of Commerce is working on export restrictions related to advanced semiconductor and turbine production. The semiconductor part of the restrictions, the main target of which is China, includes electronic design automation software for use in 3-nm chip and more advanced manufacturi
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. KNJ recorded its strongest quarterly OP yet in 2Q22, with OPM reaching 33.9%. We attribute the rosy performance to favorable impacts at the display equipment division stemming from forex rate imp
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. In response to the economic slowdown, memory chipmakers are expected to significantly reduce capex in 2023. Semicon equipment makers are predicted to see full-fledged earnings improvement in 2H23.Memo
The authors are analysts of Shinhan Investment Corp. They can be reached at doyeon@shinhan.com and hyon@shinhan.com, respectively. – Ed. 2Q22 earnings surpass market expectationsWonik Materials posted all-time high earnings for 2Q22, with sales of KRW132.3bn (+29.1% QoQ) and operating profit of KRW2
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 2Q22 operating profit comes in at KRW35.9bn (+47% YoY)Wonik QnC reported operating profit of KRW35.9bn (+47% YoY) on sales of KRW192.2bn (+20% YoY) for 2Q2
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Korea’s participation in the US-led Chip 4 is highly likely to negatively impact the share prices of leading Korean semiconductor firms, regardless of whether or not it is successful. The beneficiarie
The Korea Customs Service announced on Aug. 9 that South Korea’s semiconductor equipment exports to China totaled US$694.8 million in the first half of this year, down 51.89 percent from a year ago.China is the most important market for South Korean semiconductor equipment exporters, which has accou
The authors are analysts of Shinhan Investment Corp. They can be reached at ym.ko@shinhan.com and doyeon@shinhan.com, respectively. -- Ed. 2Q22 review: Earnings surprise led by solid margin gainsJusung Engineering posted operating profit of KRW34.6bn (+187% YoY) on sales of KRW119bn (+65% YoY) for 2
The author is a market analyst of Shinhan Investment Corp. He can be reached at junechoi1@shinhan.com. – Ed. Investment insights found from IPOsThe Korean IPO market has suffered a slowdown along with the broader market, with the monthly average number of IPOs down from 7.4 during the stock market r
Competition is heating up among global memory semiconductor producers to develop compute express link (CXL)-based memory solutions. CXL is an open, industry-supported standard for CPU-to-device and CPU-to-memory connections. The CXL interface is a key technology that enables more innovative ways to
Samsung Electronics unveiled an array of next-generation memory and storage technologies during Flash Memory Summit 2022, held at the Santa Clara (California) Convention Center, Aug. 2-4.In a keynote titled “Memory Innovations Navigating the Big Data Era,” the company spotlighted four areas of techn
SK Hynix announced on Aug. 2 that it has completed the process of acquiring Key Foundry, an 8-inch foundry company in Korea.SK Hynix signed a contract in October last year to purchase a 100 percent stake in Key Foundry from Magnus Semiconductor for 575.8 billion won and has been proceeding with the
As the United States is considering restricting exports of American chipmaking equipment to China, Samsung Electronics and SK Hynix are concerned about the move's possible impact on them. Currently, Samsung Electronics has a NAND flash plant and a back-end process plant in Xian and Suzhou, respe
SK hynix Inc. announced on Aug. 2 that it has developed the industry’s highest 238-layer NAND Flash product.The company has recently shipped samples of the 238-layer 512Gb triple level cell (TLC) 4D NAND product to customers, with a plan to start mass production in the first half of 2023. “The lates