SK Hynix and Samsung Discuss DRAM Supply Agreements with Alibaba and Tencent
South Korean semiconductor giants SK Hynix (SKHY) and Samsung Electronics (SSNLF) are reportedly in negotiations with Chinese tech leaders Alibaba (BABA) and Tencent (TCEHY). The discussions focus on securing additional supplies of dynamic random access memory (DRAM), a critical component for data centers and cloud computing infrastructure. The potential deal highlights the growing demand for high-performance memory driven by AI and large-scale digital services in China. Following reports from Maeil Business Newspaper, SK Hynix saw its ADRs rise by 3% in premarket trading, reflecting investor optimism regarding expanded market share and increased revenue streams from major Chinese tech firms.
Topics: Cloud computing infrastructure DRAM supply Semiconductor industry