Not so for Samsung Electronics which accompanied its profit forecast on Tuesday with an apology. Samsung stock fell 1.2% in local trading on the Korea Exchange on Tuesday after its profit forecast for the third quarter fell short of expectations. “Today, Samsung Electronics management would like to apologize to you first,” Jun Young-hyun, the newly appointed head of the company’s chip business, said in a public letter.
SK Hynix shares jumped more than 9% on Thursday after the South Korean firm started mass production of the most advanced high-bandwidth memory (HBM) chips, pulling ahead in a race to meet demand from an artificial intelligence (AI) boom. Shares of the world's second-largest memory chipmaker outperformed its bigger rival Samsung Electronics, whose shares rose 4%, also boosted by the bullish outlook for AI demand from Micron overnight.
SK hynix Inc. (or 'the company', www.skhynix.com) announced today that it has begun mass production of the world's first 12-layer HBM3E product with 36GB[1], the largest capacity of existing HBM[2] to date.