ETFs in Motion | Leveraged SK Hynix ETF Surges Over 7% Again as SK Hynix Accelerates HBM4 Packaging Preparations in Cheongju, South Korea

Stock News14:01

An exchange-traded fund (ETF) providing leveraged exposure to SK Hynix surged more than 7% again. At the time of writing, the fund was up 6.06% to HK$128.6, with a trading turnover of HK$4.776 billion.

According to industry reports, SK Hynix is accelerating the installation of additional back-end processing equipment at its P&T6 facility in Cheongju, South Korea. This move represents the final stage of preparations for the large-scale mass production of its next-generation high-bandwidth memory, HBM4.

The competitive landscape for HBM suppliers is intensifying as demand from NVIDIA's AI infrastructure continues to expand. The focus is shifting beyond just DRAM wafer output to encompass back-end packaging capabilities, including stacking, bonding, reflow, measurement, and testing.

During a recent visit to South Korea, NVIDIA CEO Jensen Huang announced a multi-year technical collaboration with SK Hynix. The South Korean memory giant will develop advanced memory for global AI data center applications.

Huang stated that SK Hynix is NVIDIA's largest memory partner, a position he expects to continue. He also noted that NVIDIA already purchases billions of dollars worth of memory from SK Hynix annually, with future procurement volumes set to increase substantially.

Huang further commented that even with SK Hynix's plans to double its memory wafer capacity by 2030, it may still struggle to fully keep pace with the accelerating demand driven by artificial intelligence.

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