Samsung and SK Hynix Stocks Fall Over 8%: What Is Driving the Memory Chip Sell-Off?

TLDR Samsung and SK Hynix shares fell about 8% in Seoul, hitting their lowest levels since August. South Korea’s KOSPI index dropped as much as 7% and fell below the 6,000 mark. China’s CXMT reported progress on a new memory-cell design, raising competition concerns. Micron fell 3.9% on Monday, and U.S. chip stocks were weak. Analysts say demand for memory chips is strong and the shortage could last through 2028. Shares of South Korean chip makers Samsung and SK Hynix fell sharply in Seoul on Tuesday. Both stocks hit their lowest intraday levels since August.

Source: CoinCentral