Foreign media: South Korea's semiconductor stocks plunged on July 28, with SK Hynix's U.S. stock closing at $143.02, breaking below its issuance price of $149; in the Seoul stock market, SK Hynix dropped 11.1%, Samsung Electronics fell 9.5%, and the KOSPI index declined by approximately 8%.
The main reasons for the sell-off include growing concerns over intensified competition due to news that Chinese companies have developed domestically produced DUV lithography equipment; reports suggesting NVIDIA might provide a $250 billion financial guarantee for OpenAI’s data center project have raised doubts about its role in financing clients; the rising popularity of low-cost, open-source AI models from China such as Kimi K3 has fueled market worries that future demand for AI computing power may fall short of expectations; additionally, strong debut performance of Chinese memory chip manufacturer CXMT, combined with reports that Apple has lobbied the U.S. government to adopt Chinese chips, further undermined investor confidence.
Original source: toutiao.com/article/1871925468390412/
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