Key Highlights Shares of SK Hynix climbed 5.6% to ₩1,843,000 on Friday’s trading session, while SKHY gained over 4.6% during U.S. premarket hours Solidigm, the company’s American unit, is eva
SK Hynix shares experienced significant upward momentum on Friday following simultaneous announcements regarding two distinct U.S. manufacturing initiatives, providing considerable optimism for market participants.
The Korean semiconductor manufacturer saw its shares climb 5.6% to ₩1,843,000 on the KOSPI exchange, while American depositary receipts trading as SKHY increased more than 4.6% during premarket activity on September 18.
The initial development involves Solidigm, the U.S. division of SK Hynix, exploring possibilities for constructing a NAND flash memory production facility on American territory. Sources with knowledge of the situation indicate upstate New York is under consideration as a prospective site, according to Reuters reporting.
Establishing an American manufacturing base would provide Solidigm with an alternative production hub beyond its current Dalian, China operations. This strategic move would simultaneously minimize the company’s vulnerability to U.S. tariff policies and possible limitations on semiconductor equipment shipments to Chinese facilities.
The company has not finalized any commitments. SK Hynix acknowledged that Solidigm is evaluating various approaches to enhance its market positioning, though emphasized that concrete plans remain unconfirmed. The elevated costs associated with U.S. manufacturing versus South Korean operations continue to be a consideration.
Complementing the Solidigm developments, Reuters additionally reported that SK Hynix has entered preliminary negotiations with Intel regarding first-time U.S.-based memory chip manufacturing collaboration.
Two potential arrangements are reportedly under discussion: SK Hynix utilizing available capacity at Intel’s forthcoming Ohio semiconductor complex, or establishing a collaborative enterprise with prominent cloud computing companies seeking reliable memory chip supplies.
SK Hynix informed Investing.com that the company is seriously evaluating strategies to broaden its American memory chip manufacturing presence, though final determinations remain pending on this initiative as well.
These Intel-focused negotiations are distinct from the Solidigm NAND manufacturing facility deliberations.
SK Hynix maintains a substantial American presence in research and development activities. The corporation is constructing a $4 billion Indiana complex dedicated to sophisticated HBM packaging technologies and innovation, with high-volume manufacturing of next-generation HBM4E products scheduled for 2029.
Within the HBM segment, essential for artificial intelligence accelerators, SK Hynix dominates as the industry leader with 50% of Q2 2026 revenue. Samsung captures 33% of the market, while Micron holds third position with 18%.
For DRAM products, Samsung leads with 39.4% market share, SK Hynix commands 24.9%, and Micron follows with 23.3%. These three manufacturers collectively represent approximately 88% of worldwide DRAM revenues.
In NAND flash memory, Samsung maintains leadership at 29.3% market share. SK Hynix Group, encompassing Solidigm, secures second position with 18.2%, surpassing Micron’s 15.1%.
Favorable macroeconomic conditions amplified the stock movement. U.S. 10-year Treasury yields declined after temporarily exceeding 5% earlier during the week, crude oil prices retreated, and risk sentiment strengthened throughout Asian trading sessions. The KOSPI index advanced approximately 2% for the day, driven by semiconductor sector purchases, as international investors became net acquirers of Korean equities.
Competitor Samsung Electronics similarly recorded session gains.
According to TipRanks, SKHY holds a Strong Buy consensus assessment based on 11 unanimous Buy recommendations, with a mean price objective of $249.70.
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