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Samsung and SK Hynix boost China factories
The article discusses the efforts of Samsung Electronics and SK Hynix to upgrade their production lines in China to manufacture more advanced memory chips. This move aims to counter the rising competition from a Chinese startup and to better meet the growing demand related to artificial intelligence. Both companies face regulatory challenges due to U.S. restrictions imposed by Washington since 2022 on exporting manufacturing equipment to China, which hinder their factory upgrades and reduce their market share in favor of Chinese firms like Yangtze Memory Technologies. Nevertheless, Samsung and SK Hynix have affirmed their commitment to continuing modernization efforts in coordination with U.S. authorities, including working on the production of 200-layer NAND flash memory chips used in smartphones, computers, and data centers for AI applications. By the end of trading, the stocks of both companies increased by 6%.
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