Semiconductors · Memory · HBM
SK hynix
The leader in HBM (high-bandwidth memory) inside AI accelerators, with revenue heavily concentrated in a few AI-chip customers (largest single customer NVIDIA ~27%). Its state now is a boom where supply cannot keep up with demand: customer HBM demand for the next three years exceeds capacity and 2026 output is effectively sold out — a 72% operating margin in Q1 2026 (a company record) is the result. The crux is the capacity to relieve that bottleneck (M15X, Yongin cluster) and executing the HBM4 transition, while cost flows to TC-bonder suppliers like Hanmi and ASMPT and equipment makers like ASML for EUV.
000660.KS Updated Jul 12, 2026 6 AI consumers· 6 recurring
Per the valuechain.wiki graph, SK hynix is directly linked to 67 companies (58 supply, 10 revenue relationships) and reaches 94 companies within two hops; the links are backed by 104 dated sources, 15 of them primary filings (as of 2026-07-12).
Annual return · 2026-07-10'21-0.4%'22-25.6%'23+53.9%'24+48.6%'25+361.1%YTD+140.3%
Money in ▸NVIDIA●Revenue share ~27%Broadcom●Apple●Alphabet (Google)◐AMD◐Marvell◐Meta Platforms◐Amazon◐SK Telecom◐Everpure (formerly Pure Storage)◐
SK hynix₩97.1T
▸ Money outHanmi Semiconductor●Contract value ₩44.2BASMPT●Supply share ~50%Leeno Industrial●Eugene Technology●Simmtech●ASML●ISC●Onto Innovation●ASM International●SCREEN Holdings●Tokyo Ohka Kogyo (TOK)●Camtek●Uni Test●Ebara●Soulbrain●ENF Technology●Wonik IPS●Jusung Engineering●Foosung●HPSP●PSK Inc●Tokyo Electron (TEL)●Shin-Etsu Chemical●SK Siltron●Advantest●Teradyne●SUMCO Corporation●Kokusai Electric●FormFactor●Air Liquide●Merck KGaA (EMD)●ACM Research●Hanwha Semitech◐BESI◐Daeduck Electronics◐Hana Materials◐KC Tech◐S&S Tech◐Nepes◐Disco Corporation◐Hitachi High-Tech◐Park Systems◐Applied Materials◐KLA◐Lam Research◐Wonik QnC◐Dongjin Semichem◐Global Unichip◐GlobalWafers◐SFA Semicon◐Powertech Technology (PTI)◐Hana Micron◐Linde◐Fujimi Incorporated◐Montage Technology◐이오테크닉스 (그루빙)◐EO Technics◐스미토모화학 (반도체 소재·레지스트)◐
Financials & Segments
- Total revenue · 1Q2026 revenue KRW 52.576tn (+60% QoQ, +198% YoY, first quarter above KRW 50tn), operating profit KRW 37.610tn (72% margin, a record). Led by HBM, high-capacity server DRAM and eSSDs; customer HBM demand for the next three years exceeds supply capacity. | ₩97.1T (FY2025 consolidated)
- Operating profit · ₩47.2T
- Net income · ₩42.9T
- Customer concentration · Largest single customer NVIDIA ~27% (1H2025 consolidated, ~₩11T)
- Segments · Semiconductors(>90%)
Revenue from
- NVIDIA High confidence· Revenue share ~27% · 1H2025 · consolidated · ≈₩11T
HBM, DRAM, NAND. 2026 capacity effectively sold out. Reconfirmed current (Apr 2026): began mass production of 192GB SOCAMM2 for NVIDIA's Vera Rubin in April, developing HBM4 with key customers.Mentions KO DART (FSS Electronic Disclosure) Published Mar 17, 2026: SK hynix business report (2025.12)Confirms EN SEC filing Published Feb 25, 2026: NVIDIA FY2026 Form 10-K (FYE Jan 25, 2026) — revenue $215.9B (+65%), Data Center $193.74B (+68%, 90%)Confirms KO Aju Business Daily Published Aug 18, 2025: NVIDIA's strong influence as SK hynix's top customer; ₩11T of first-half revenue - Broadcom High confidence
Supplies HBM at large scale for Broadcom's custom AI accelerators. - Apple High confidence
Supplies iPhone memory (LPDDR/NAND) to Apple.Confirms KO Korea Economic Daily Published Dec 21, 2025: Samsung's quiet win: sweeping up Apple's memory orders - Alphabet (Google) Medium confidence
HBM/memory demand for AI cloud. - AMD Medium confidence
HBM customer for AI accelerators. - Marvell Medium confidence
Custom HBM collaboration for Marvell's custom AI chips.Confirms KO Korea Economic Daily Published Dec 11, 2024: Marvell partners with Samsung and SK hynix on custom HBM - Meta Platforms Medium confidence
Supplies HBM for Meta's MTIA (288GB) and data-center memory.Confirms EN Tom's Hardware Accessed Jun 20, 2026: The custom AI ASIC state of play — Broadcom, Google TPUs, Meta MTIA - Amazon Medium confidence
Supplies HBM3e for Amazon’s Trainium3 (144GB) and data-center memory.Confirms KO Global Economic Published Dec 3, 2025: Amazon launches its own AI chip to counter Nvidia, 4.4x performance - SK Telecom Medium confidence
SK Group AI alliance: supplies HBM and joint R&D to SKT's AI data center (GPUaaS) via the CES 2025 agreement; also used in the SK Group AI Factory.Confirms EN SK hynix Published Jan 10, 2025: SK hynix partners with SKT and Penguin Solutions to drive AI data center business - Everpure (formerly Pure Storage) Medium confidence
Pure Storage is co-developing next-generation QLC NAND flash storage with SK hynix (May 2025) for high-capacity, energy-efficient hyperscaler solutions, a second NAND axis alongside its existing supplier Kioxia.Confirms KO The Elec (Etnews) Published May 28, 2025: Pure Storage and SK hynix to co-develop next-generation QLC flash storage
Pays to
- Hanmi Semiconductor High confidence· Contract value ₩44.2B · 2026-06-08 · Single-supply contract (latest)
HBM TC bonder. Four single-supply contracts in the past year (₩42.8B→₩1.6B→₩9.7B→₩44.2B), up to 7.66% of Hanmi's revenue.Confirms KO DART (FSS Electronic Disclosure) Published Jun 8, 2026: Hanmi single-supply contract (SK hynix, ₩44.2B)Confirms KO DART (FSS Electronic Disclosure) Published Jan 14, 2026: Hanmi single-supply contract (SK hynix, ₩9.7B)Confirms KO DART (FSS Electronic Disclosure) Published Nov 14, 2025: Hanmi single-supply contract (SK hynix, ₩1.6B)Confirms KO DART (FSS Electronic Disclosure) Published May 16, 2025: Hanmi single-supply contract (SK hynix, ₩42.8B) - ASMPT High confidence· Supply share ~50% · 2026
HBM4 TC bonder. About half of current orders. - Leeno Industrial High confidence
Purchases test sockets and pins from Leeno Industrial. - Eugene Technology High confidence
Purchases ALD deposition equipment from Eugene Technology. - Simmtech High confidence
Purchases memory package substrates from Simmtech. - ASML High confidence
Buys EUV lithography from ASML (a major customer). 2026 capex up sharply: ramping the M15X fab (about KRW 19tn, advanced DRAM/HBM), pulling Yongin cluster phase-1 completion forward from May to February and prioritizing EUV and other key tools.Confirms EN NineScrolls Published Apr 24, 2026: SK hynix Q1 2026: Record Revenue, M15X Fab Accelerates HBM CapexConfirms EN Seoul Economic Daily Published Apr 17, 2026: Samsung, SK Secure Two-Thirds of ASML's Annual EUV Shipments - ISC High confidence
Purchases test sockets from ISC. - Onto Innovation High confidence
Buys metrology and inspection tools from Onto Innovation. - ASM International High confidence
Buys ALD deposition equipment from ASM International. - SCREEN Holdings High confidence
Buys cleaning and track equipment from SCREEN Holdings. - Tokyo Ohka Kogyo (TOK) High confidence
Buys EUV photoresist from Tokyo Ohka Kogyo. - Camtek High confidence
Buys inspection and metrology tools from Camtek. - Uni Test High confidence
Purchases HBM burn-in and wafer testers from Unitest. - Ebara High confidence
Sources CMP/vacuum pumps from Ebara. - Soulbrain High confidence
Buys high-purity HF and etchants from Soulbrain (HBM/3D NAND). - ENF Technology High confidence
Buys localized HF, BOE and etchant from ENF (NAND/HBM). - Wonik IPS High confidence
Buys wafer-fab deposition tools from Wonik IPS.Confirms EN Seoul Economic Daily Published Jun 11, 2026: Semiconductor equipment stocks surge: Jusung, Wonik IPS on Samsung/SK domestic capex - Jusung Engineering High confidence
Buys all next-gen high-k DRAM ALD tools from Jusung Engineering. - Foosung High confidence
Buys C4F6/WF6 specialty gases from Foosung (WF6 surges with 3D NAND).Confirms KO HuffPost Korea Accessed Jun 20, 2026: Foosung, Korea’s only C4F6/WF6 maker, supplies Samsung and SK - HPSP High confidence
Buys high-pressure hydrogen annealing tools from HPSP (sole supplier).Confirms KO Korea Economic Daily Published Jul 13, 2025: HPSP holds a monopoly in high-pressure hydrogen annealing - PSK Inc High confidence
Buys dry-strip tools from PSK (HBM/DDR5). - Tokyo Electron (TEL) High confidence
Buys coater, etch, deposition and clean tools from Tokyo Electron.Confirms KO Sisa Journal e Accessed Jun 21, 2026: Foreign toolmakers including TEL ramp investment to court Samsung and SK - Shin-Etsu Chemical High confidence
Buys 300mm silicon wafers from Shin-Etsu Chemical under LTA. - SK Siltron High confidence
Buys 300mm and HBM4 wafers from affiliate SK Siltron. - Advantest High confidence
Buys test equipment (ATE) from Advantest. - Teradyne High confidence
Buys test equipment (ATE) from Teradyne.Confirms KO Korea Economic Daily Published Feb 24, 2026: Teradyne surges on the chip upturn and robotics boom - SUMCO Corporation High confidence
Buys 300mm silicon wafers from SUMCO Corporation under LTA. - Kokusai Electric High confidence
Sources batch ALD/CVD from Kokusai. - FormFactor High confidence
Sources HBM/DRAM probe cards from FormFactor. - Air Liquide High confidence
Sources UHP/specialty gases from Air Liquide.Confirms KO e4ds news Published Jan 1, 2024: Air Liquide invests $80M in Sejong semiconductor specialty gases - Merck KGaA (EMD) High confidence
Sources thin-film/CMP/gas materials from Merck KGaA. - ACM Research High confidence
Sources wafer-cleaning tools from ACM Research.Confirms EN SemiAnalysis Published Jan 1, 2026: ACM Research wins at SK Hynix and Intel (China top equipment) - Hanwha Semitech Medium confidence
Entering TC bonder supply. - BESI Medium confidence
Expanding bonder share. - Daeduck Electronics Medium confidence
Purchases FC-BGA package substrates from Daeduck Electronics. - Hana Materials Medium confidence
Purchases silicon and SiC etch parts from Hana Materials. - KC Tech Medium confidence
Purchases CMP slurry and equipment from KCTech. - S&S Tech Medium confidence
Purchases blank masks and pellicles from S&S Tech.Confirms KO ETNews Published Jan 12, 2026: Samsung to adopt domestic EUV blank masks (reducing dependence on Japan's Hoya) - Nepes Medium confidence
Purchases back-end packaging from Nepes. - Disco Corporation Medium confidence
Purchases dicing and grinding equipment from Disco. - Hitachi High-Tech Medium confidence
Purchases etch and metrology equipment from Hitachi High-Tech. - Park Systems Medium confidence
Purchases AFM metrology equipment from Park Systems.Confirms KO Sisa Journal e Published Jan 1, 2026: Park Systems develops hybrid-bonding metrology for Samsung/SK - Applied Materials Medium confidence
Buys Applied Materials wafer-fab tools (memory/HBM).Mentions KO Asia Business Daily Published Apr 28, 2026: Fueled by Samsung and SK hynix, semiconductor equipment market rises 12% - KLA Medium confidence
Buys KLA memory inspection/metrology tools.Confirms KO KIPOST Accessed Jun 20, 2026: KLA unveils EUV defect-inspection tools (supplies Intel, Samsung, SK) - Lam Research Medium confidence
Buys Lam Research memory etch/deposition tools.Mentions KO Asia Business Daily Published Apr 28, 2026: Fueled by Samsung and SK hynix, semiconductor equipment market rises 12% - Wonik QnC Medium confidence
Purchases quartz and ceramic parts from Wonik QnC. - Dongjin Semichem Medium confidence
Buys materials such as HBM CMP slurry from Dongjin Semichem. - Global Unichip Medium confidence
Outsources ASIC design (e.g., NAND controllers) to GUC. - GlobalWafers Medium confidence
Uses/buys 300mm silicon wafers from GlobalWafers. - SFA Semicon Medium confidence
Uses memory back-end packaging and test from SFA Semiconductor. - Powertech Technology (PTI) Medium confidence
Uses memory packaging and test from Powertech (PTI). - Hana Micron Medium confidence
Uses back-end packaging and test from Hana Micron. - Linde Medium confidence
Sources industrial/specialty gases from Linde. - Fujimi Incorporated Medium confidence
CMP slurry to SK hynix. - Montage Technology Medium confidence
RCD for SK hynix DDR5 modules. - 이오테크닉스 (그루빙) Medium confidence
Femtosecond grooving equipment supplier (expected from 2026). - EO Technics Medium confidence
SK Hynix adopts EO Technics femtosecond laser grooving and full-cut tools for HBM4 and high-layer NAND back-end.Mentions EN TweakTown Published Jun 1, 2025: SK hynix to switch to femtosecond laser grooving for HBM4 and 400-layer NAND - 스미토모화학 (반도체 소재·레지스트) Medium confidence
Sources EUV/ArF photoresists and back-end materials for advanced packaging from Sumitomo Chemical (inferred).Confirms EN Sumitomo Chemical Published Sep 30, 2025: Integrated Report 2025 — Sumitomo Chemical's Semiconductor-Related Business
Investors
- SK Square (SK Group) High confidence
SK Square (SK Group holding) is the largest shareholder at 20.5%.Confirms KO The Financial News Published Jul 2, 2026: SK hynix heads to Nasdaq at a 45-trillion-won valuation — will largest shareholder SK Square hit the jackpot?
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Hewlett Packard Enterprise | lead2 | +37.4 | +4.5 | +9.7 | +29.1 | +15.5 | +104 |
| Eoptolink | lead2 | -10.1 | -27.7 | +136.6 | +197 | +368.8 | +74.9 |
| ASUSTeK Computer | lead2 | +35.5 | -12.9 | +72 | +41.1 | -14.1 | +46.7 |
| Arista Networks | lead2 | +97.9 | -15.6 | +94.1 | +87.7 | +18.5 | +42.7 |
| Planet Labs | lead2 | · | -29.3 | -43.2 | +63.6 | +388.1 | +32.1 |
| Apple | lead2 | +34.6 | -26.4 | +49 | +30.7 | +9.1 | +16.2 |
| Costco Wholesale | lead2 | +51.8 | -19 | +49 | +39.6 | -5.4 | +6.6 |
| Walmart Inc | lead2 | +2 | -0.5 | +12.9 | +74 | +24.5 | +2.6 |
| Meta Platforms | lead2 | +23.1 | -64.2 | +194.1 | +66 | +13.1 | +1.6 |
| MercadoLibre, Inc. | lead2 | -19.5 | -37.2 | +85.7 | +8.2 | +18.5 | -8 |
| Uber | lead2 | -17.8 | -41 | +149 | -2 | +35.5 | -8.8 |
| McDonald's | lead2 | +27.8 | +0.5 | +15.1 | +0.1 | +7.9 | -9 |
| LVMH Moet Hennessy Louis Vuitton | lead2 | +46.6 | +12.7 | -1.8 | -7.3 | -20.4 | -9 |
| Recursion Pharmaceuticals | lead2 | · | -55 | +27.9 | -31.4 | -39.5 | -13 |
| Microsoft | lead2 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | -20 |
| Oracle | lead2 | +36.9 | -4.6 | +30.9 | +60 | +18.1 | -27.4 |
| Marvell | lead1 | +84.6 | -57.5 | +63.7 | +83.8 | -22.8 | +177.8 |
| AMD | lead1 | +56.9 | -55 | +127.6 | -18.1 | +77.3 | +160.5 |
| SK Telecom | lead1 | +7.9 | -12 | +15.8 | +15.5 | +37.5 | +23.4 |
| Everpure (formerly Pure Storage) | lead1 | +44 | -17.8 | +33.3 | +72.3 | +9.1 | +18.4 |
| Broadcom | lead1 | +56.5 | -13.3 | +104.2 | +110.5 | +50.6 | +16 |
| Alphabet (Google) | lead1 | +65.3 | -39.1 | +58.3 | +36 | +66 | +14.3 |
| SK hynix | node | -0.4 | -25.6 | +53.9 | +48.6 | +361.1 | +140.3 |
| Jusung Engineering | benef1 | +127.9 | -42.6 | +173.3 | -3.1 | +30.7 | +364.1 |
| PSK Inc | benef1 | +22.7 | -19.6 | +14.2 | -2.6 | +228.2 | +208 |
| ACM Research | benef1 | +4.9 | -72.9 | +153.4 | -22.7 | +161.3 | +161.1 |
| Applied Materials | benef1 | +83.6 | -37.5 | +68 | +1.1 | +59.6 | +135 |
| FormFactor | benef1 | +6.3 | -51.4 | +87.6 | +5.5 | +26.8 | +110.7 |
| KC Tech | benef1 | -24.2 | -6.1 | +57.9 | +5.9 | +56.7 | +108.1 |
| Lam Research | benef1 | +53.7 | -40.7 | +88.6 | -6.8 | +139.2 | +105 |
| Onto Innovation | benef1 | +112.9 | -32.7 | +124.6 | +9 | -5.3 | +103.6 |
| Simmtech | benef1 | +119.6 | -34.6 | +12.4 | -63.3 | +392.9 | +94.9 |
| Daeduck Electronics | benef1 | +64.2 | -0.3 | +13.3 | -22.7 | +250.2 | +92.1 |
| KLA | benef1 | +68 | -11.2 | +56 | +9.4 | +94.5 | +91 |
| SCREEN Holdings | benef1 | +40.7 | -13.2 | +220.1 | -24.1 | +84.9 | +86.3 |
| ASMPT | benef1 | -29 | -12.4 | +21.8 | -4.8 | +47.6 | +82 |
| Tokyo Electron (TEL) | benef1 | +40.4 | -14.5 | +89.8 | -4.4 | +61.6 | +78.2 |
| Kokusai Electric | benef1 | · | · | · | -35.4 | +165.3 | +70 |
| ASML | benef1 | +64.1 | -30.5 | +39.9 | -7.7 | +55.8 | +68.6 |
| Global Unichip | benef1 | +21.4 | +67.6 | +99.4 | -13.7 | +101.4 | +66.4 |
| Foosung | benef1 | +59.9 | -33.5 | -34.5 | -39.1 | +67.4 | +62.2 |
| BESI | benef1 | +33.7 | -6.1 | +121.8 | -9.3 | +35 | +56.2 |
| Eugene Technology | benef1 | +28.1 | -45.1 | +64.1 | -12.6 | +202.5 | +49.5 |
| Montage Technology | benef1 | -18.2 | -21.8 | -18 | +51.4 | +169 | +47.4 |
| Shin-Etsu Chemical | benef1 | +6.3 | +3.1 | +57.8 | -15.6 | +7.6 | +44 |
| Tokyo Ohka Kogyo (TOK) | benef1 | -2.7 | -3 | +63.8 | +4.3 | +111.5 | +42.9 |
| Camtek | benef1 | +110.1 | -52.3 | +215.9 | +18.3 | +31.7 | +35.2 |
| Ebara | benef1 | +58.1 | +2.3 | +76.1 | +41 | +84 | +32.3 |
| ASM International | benef1 | +44.2 | +2.9 | +68.7 | +10.3 | +25.9 | +28.8 |
| Powertech Technology (PTI) | benef1 | +4.8 | -7.5 | +86 | -16 | +128.6 | +26 |
| Sumitomo Chemical | benef1 | +19.6 | -9.1 | -27.7 | -2.2 | +43.9 | +16 |
| Nepes | benef1 | -29.5 | -44 | +6.7 | -62.7 | +179.2 | +15.1 |
| Merck KGaA (EMD) | benef1 | +42.2 | -0.4 | -19.1 | -2.5 | -12.7 | +13.5 |
| Disco Corporation | benef1 | -6.6 | +27.7 | +218.5 | +11.6 | +49.6 | +10.2 |
| Wonik IPS | benef1 | -19.7 | -19.8 | -0.2 | -25.5 | +408.8 | +9.3 |
| Hanmi Semiconductor | benef1 | +98.5 | -21.7 | +313.1 | +93.7 | +87.9 | +5.5 |
| ISC | benef1 | +43.2 | +14.2 | +116.5 | -11.9 | +126.8 | +0.3 |
| HPSP | benef1 | · | · | +216.5 | -30.4 | +54.7 | -4.5 |
| Park Systems | benef1 | +25.1 | +1.6 | +41.6 | +37.3 | +28.9 | -11.2 |
| Hana Materials | benef1 | +106 | -30.5 | +26.1 | -47.4 | +173.9 | -15.7 |
| Dongjin Semichem | benef1 | +28.1 | -13.7 | +16.1 | -42.8 | +160.1 | -15.8 |
| Uni Test | benef1 | +23.4 | -57.8 | +11.3 | -1.6 | +6.8 | -24.8 |
| ENF Technology | benef1 | -32.9 | -23.6 | +1.3 | -16.1 | +204.6 | -28.4 |
| Leeno Industrial | benef1 | +21 | -5.3 | +18.3 | +9.5 | +150.1 | -30.3 |
| SFA Semicon | benef1 | -5.8 | -34.1 | +48.7 | -48.7 | +139.8 | -31.8 |
| Soulbrain | benef1 | -8.2 | -3.9 | +16.6 | -37.6 | +192.8 | -35.9 |
| S&S Tech | benef1 | -17.3 | -5 | +45.8 | -31.2 | +210.8 | -47.5 |
| Ichor Holdings | benef2 | +52.7 | -41.7 | +25.4 | -4.2 | -42.8 | +444.2 |
| Kulicke & Soffa | benef2 | +92.4 | -25.8 | +25.5 | -13.2 | -0.3 | +150.1 |
| MKS Instruments | benef2 | +16.4 | -51 | +22.6 | +2.2 | +54.4 | +131 |
| Advanced Energy Industries | benef2 | -5.7 | -5.4 | +27.5 | +6.6 | +81.6 | +47.2 |
| TSMC | benef2 | +12.1 | -36.7 | +42.3 | +92.6 | +55.9 | +43.6 |
| SMC Corporation | benef2 | +0.9 | +4.5 | +28.6 | -28 | +4.2 | +26.6 |
| Wonik QnC | benef2 | +26.2 | +2 | +11.9 | -33.7 | +53.4 | +9.3 |
| Hana Micron | benef2 | +109 | -41 | +143.5 | -52.4 | +269.3 | +5.3 |
| TCK (Tokai Carbon Korea) | benef2 | -10.1 | -16.9 | +2.8 | -28.7 | +225.7 | -2.5 |
| Synopsys | benef2 | +42.1 | -13.4 | +61.3 | -5.7 | -3.2 | -5.2 |
| Hitachi | benef2 | +40.6 | +16.7 | +75.4 | +71.1 | +37.5 | -11.8 |
| SFA Engineering | benef2 | -7.8 | +13 | -26.9 | -28.9 | +84.8 | -32.7 |
YTD as of 2026-07-10 · source: Yahoo Finance
A memory leader with a near-monopoly position in HBM, where AI-accelerator demand is effectively its earnings. The thesis is the supply shortage — three years of customer HBM demand exceed capacity and 2026 output is sold out, producing the pricing power of a 72% operating margin in Q1 2026 (a company record). Risks are concentration in a few AI customers like NVIDIA (~27%) and the eventual chance the HBM cycle turns as supply normalizes. In graph terms it is a two-way hub, taking AI-chip demand from NVIDIA, Broadcom and Google above while its capacity expansion ripples down to suppliers like Hanmi, ASMPT, ASML and materials makers.
Analysis generated from returns as of 2026-07-10Analyst ratings
Consensus: Buy 4 · Hold 0 · Sell 0 · Avg. target ₩3,650,000 · Price ₩2,201,000 (07-11) · Upside +66%
| Broker | Rating | Target | Published | |
|---|---|---|---|---|
| Hanwha Investment & Securities | Buy | ₩4,300,000 | Jun 22, 2026 | Report ↗ |
| KB Securities | Buy | ₩3,800,000 | Jun 9, 2026 | Report ↗ |
| Shinhan Securities | Buy | ₩3,800,000 | May 28, 2026 | Report ↗ |
| Mirae Asset Securities | Buy | ₩2,700,000 | May 7, 2026 | Report ↗ |
LTA and HBM reduce earnings volatility; a 10x forward P/E yields the highest domestic target of KRW4.3M.
Analyses covering this node
- Turn your assets into AI infrastructure and your clock changes: miners and telcos Jul 9, 2026
- The propagation was real and it had an order: the lag itself draws the chain Jun 23, 2026
- The memory supercycle is a balloon effect: one point of HBM demand re-rated the whole asset class Jun 23, 2026
- The chain splits along borders: where policy makes new slots Jun 23, 2026