SK Hynix Clinches 2027–28 Capacity, Shelves Solidigm IPO as US Licence Logjam Weighs on Expansion
Published on 11/10/2026 at 07:11 | Editorial boerse-global.de
SK Hynix drew fresh support from institutional investors in Seoul, cushioning a sustained exit by overseas funds. Foreign players sold the stock net for a seventh straight session, according to media reports, and the rebound is not yet being treated as a confirmed turn in sentiment. The shares finished the day up 0.7%, a far cry from the 6.4% surge booked in an earlier session as Asian technology names rallied.
That broader advance had been helped along by rising US equities and softer oil prices, the Associated Press reported, while the Seoul Economic Daily pointed to bargain-hunting after a pullback in US chip stocks as the trigger for the regional recovery in semiconductor names.
Brokerages Split on the Target Price
DS Investment & Securities reaffirmed its buy rating on SK Hynix with a price target of ?2.64 million, citing demand for memory used in AI servers. The brokerage projects operating profit of ?443.8 trillion for 2027 — a forecast rather than a reported figure. IBK Investment & Securities, by contrast, cut its target to ?3.2 million from ?4 million on 29 October, though it too kept its buy recommendation intact.
More Than Half of 2027–28 Output Already Spoken For
Underpinning the bullish case, SK Hynix said on 28 October that long-term agreements cover more than 50% of its production capacity for 2027–2028. At its quarterly conference, the company put the number of contracted customers at 14, including major cloud providers, the Korea JoongAng Daily reported on 2 November. Management also warned that memory supply constraints could persist through 2030.
Should investors sell immediately? Or is it worth buying SK Hynix?
For the third quarter of 2026, SK Hynix reported revenue of ?105 trillion and operating profit of ?83.3 trillion, alongside a net profit of ?39.8 trillion. HBM4 was expected to become its flagship product from the fourth quarter of 2026.
Solidigm Listing Review Dropped
In the same quarterly update, the chipmaker said it had halted its review of a potential initial public offering for Solidigm. Reuters reported roughly a week earlier that US authorities had declined to grant the export licences SK Hynix sought for American chipmaking equipment destined for its Dalian plant in China — a setback that complicated Solidigm's proposed NAND fab in New York State. Solidigm said it is evaluating possible plant locations worldwide and has not settled on a specific route.
Separately, SK Hynix is preparing to expand its US headcount and reorganise its American operations around 3 December, according to media reports, as it looks to deepen ties with key customers including Nvidia.
SK Hynix at a turning point? This analysis reveals what investors need to know now.
Altman Meets Chey Tae-won
On the partnership front, OpenAI chief Sam Altman met SK Group chairman Chey Tae-won and executives from SK Hynix and SK Telecom on 2 November, with talks centred on high-bandwidth memory and collaboration on AI data centres under OpenAI's Stargate initiative. Two days earlier, SK Hynix had held its first partner day in Japan, where it discussed its business direction and supply-chain cooperation with local semiconductor partners.
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SK Hynix Stock: New Analysis - 10 November
Fresh SK Hynix information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
