Horizon International Managed Risk ETF (SFTX)
- 31.820
- +0.140+0.44%
Horizon International Managed Risk ETF (SFTX) News
ASML Wins Commitments From Samsung, TSMC for New Chipmaking Gear
Samsung's 4nm process running at full capacity; over half of production allocated to HBM4
① According to reports, Samsung Electronics' 4-nanometer process node is operating at full capacity, with 50%-60% of its output dedicated to producing base dies for HBM4 memory chips, corresponding to a monthly capacity of 15,000 wafers; ② Surging demand for artificial intelligence is driving Samsung Electronics, SK Hynix, and Micron to accelerate HBM production expansion, thereby squeezing capacity for traditional DRAM.
As AI Models Grow More Powerful, Does Storage Demand Surge? OpenAI’s Astra Reignites the “Memory Chip Trade”
The release of OpenAI’s flagship model, Astra, has reignited market enthusiasm for AI computing infrastructure. Memory chips are among the first to benefit, with U.S. semiconductor stocks and leading Asian memory manufacturers rallying collectively. Institutions believe that as the capabilities of frontier models continue to improve, the gap between AI computing demand and memory bottlenecks will widen further, making HBM and DRAM key themes in AI infrastructure investment.
South Korean brokerages warn: Memory chip inventories at Samsung Electronics and SK Hynix have fallen to less than 10 days of supply
① KB Securities, a South Korean brokerage, warned that Samsung Electronics and SK Hynix have less than 10 days of memory semiconductor inventory, with available supply potentially exhausted by next year; ② It further noted that mass production of HBM4 is crowding out traditional DRAM capacity, and demand for DRAM and NAND is expected to exceed supply by more than 10 percentage points next year; ③ Analysts believe the stocks of both companies are currently severely undervalued, with earnings poised to hit record highs for three consecutive years.
Goldman Sachs forecasts a further 80% upside! The AI memory chip cycle is far from over, with a KOSPI target of 12,000 points.
Goldman Sachs strategists maintain their bullish target for the South Korean stock market, arguing that investors have underestimated the boost artificial intelligence (AI) provides to memory chip manufacturers. They keep their target for the benchmark KOSPI index at 12,000 points, implying nearly 80% upside from current levels.
Micron and SanDisk Stocks Rebound as Investors Bet on AI Boom, Cheap Valuations
Top memory stocks have bounced back over the past five weeks as investors bought the dip, betting the artificial intelligence boom will continue. Micron (NASDAQ:MU) has jumped to $1,016, up 40% from
Will the Next Wave of AI Winners Emerge? PIMCO Avoids U.S. Tech Giants, Bets Heavily on Asian ‘Pick-and-Shovel’ Providers
Amid elevated valuations for U.S. tech giants, the Asian AI supply chain—particularly in semiconductors and data center infrastructure—is attracting increased attention.
Samsung and Arm Join Forces to Enter On-Device AI Market: 2nm Custom Chip Development Underway, OpenAI Poised as Key Customer
Samsung Electronics is partnering with Arm to develop custom on-device AI chips based on the 2nm process node. Arm will provide the technology, while Samsung will handle design and mass production, with OpenAI potentially emerging as the end customer. This initiative supports Samsung’s integrated “design + manufacturing” strategy, enhancing the synergistic competitiveness of its System LSI and foundry businesses. It also allows Samsung to accumulate experience in serving AI clients with advanced process technologies, thereby facilitating expansion into the custom AI chip market.
Micron's HBM production capacity is expected to double by year-end, closing the gap with Samsung and SK Hynix.
Micron Technology plans to significantly increase its monthly HBM production capacity to approximately 100,000 wafers by the end of this year, nearly doubling last year's level, thereby narrowing the capacity gap with SK Hynix and Samsung Electronics. The company is accelerating mass production of its 12-layer HBM4 products designed for NVIDIA’s “Vera Rubin” architecture, expecting their share of total capacity to reach 50% by year-end, in an effort to break out of its current trailing position with an 18% market share.
Anthropic Ramps Up Push for Landmark IPO: Report Says $15 Billion Credit Facility Deal Is Near Finalization
1. Anthropic is close to finalizing an expansion of its revolving credit facility to $15 billion, clearing the way for its upcoming IPO; 2. Morgan Stanley is leading the credit arrangement, with Goldman Sachs and JPMorgan as key participants and also serving as the lead underwriters for the IPO.
TD Bank Group COO Taylan Turan Leaving
TD Bank Group ("TD" or the "Bank") today announced senior leadership appointments to strengthen key capabilities and further accelerate execution.Taylan Turan, Group Head, Chief Operating Officer,
Micron, SanDisk Lag Tech Rally as China Grabs Memory Market Share
Micron Technology Inc. (NASDAQ:MU) and SanDisk Corp. (NASDAQ:SNDK) fell Thursday even as technology stocks rallied, after new data showed Chinese memory manufacturers rapidly gaining global market
Korea Electric Power Corporation requests prepayment of KRW 25 trillion in electricity fees from Samsung and SK Hynix.
Korea Electric Power Corporation is seeking to monetize future electricity revenue in advance to address the funding gap for grid expansion. The proposal requires Samsung Electronics and SK Hynix to prepay a total of 25 trillion won (approximately $18.1 billion) in electricity fees, covering their power consumption needs for the next five years. Samsung Electronics is required to prepay 20 trillion won, while SK Hynix is to prepay 5 trillion won.
South Korea Urgently Responds to U.S. Semiconductor Tariff Plan: Vows to Spare No Effort in Safeguarding Interests of Korean Firms
On September 3, the South Korean presidential office responded to the semiconductor tariff proposal currently being drafted by the U.S. Department of Commerce, emphasizing that specific details have not yet been finalized and that Seoul will make every effort to ensure the measures do not harm the interests of South Korean companies. The day before, U.S. Commerce Secretary Lutnick disclosed that the Trump administration is formulating a new semiconductor tariff policy: chips produced domestically in the United States would enjoy tariff exemptions, while others would face costs to access the U.S. market.
Express News | South Korean Presidential Office: The government will strive to prevent U.S. semiconductor tariff measures from adversely affecting South Korean companies.
On the 3rd, the South Korean Presidential Office (Cheong Wa Dae) responded to remarks made by U.S. Secretary of Commerce Howard Lutnick regarding semiconductor tariffs, stating that specific details have not yet been finalized and that the government will strive to prevent any adverse impact on South Korean enterprises from such measures. A Cheong Wa Dae official made these comments on the day, adding that the government would closely monitor developments and maintain close communication with the U.S. side to ensure South Korean companies remain unaffected. It is reported that Lutnick stated in an interview with CNBC on the 2nd (local time) that the U.S. would implement prudent and targeted semiconductor tariff measures, linking tariffs to semiconductor investment in the United States. Companies producing semiconductors within the U.S. would receive tariff exemptions, while others must be prepared to bear the cost (tariffs).
South Korea's Trillion-Dollar Sovereign AI Investment: NVIDIA Emerges Victorious, SK Hynix Under Pressure
South Korea is elevating artificial intelligence to a national strategy, with bets of such magnitude that they have drawn market attention. However, in this nationwide race, who will truly benefit is far more complex than it appears. In July this year, the South Korean government announced plans to invest $919 billion to build 8.4 gigawatts of data center computing capacity by 2029, ultimately expanding the total scale to 18.4 gigawatts by 2035. This plan will open up a vast sovereign AI market for NVIDIA; SK Group has committed to purchasing 2 gigawatts of Rubin systems, and Naver has also signed a 200-megawatt order. However, this is not purely beneficial for Samsung and SK Hynix.
Report: SK Hynix plans to deepen cooperation with Kioxia, considering building a NAND chip plant in Japan
SK Group is considering building a NAND flash memory plant in Japan and deepening its collaboration with Kioxia, potentially involving joint production. If this partnership materializes, the combined NAND market share of SK hynix and Kioxia would surpass that of Samsung Electronics, potentially reshaping the global competitive landscape. Meanwhile, SK hynix plans to leverage its leading position in High Bandwidth Memory (HBM) to drive expansion in the broader memory market and participate in the development of High Bandwidth Flash (HBF) technology. Additionally, SK is exploring acquisitions of Japanese semiconductor material companies to broaden its supply chain footprint.
As South Korea develops sovereign AI, why is NVIDIA the primary beneficiary rather than SK Hynix?
Source: BlockBeats Sovereign capital enters the fray, with platform lock-in materializing ahead of domestic narratives. The South Korean government plans to establish a new strategic account under the Korea Investment Corporation (KIC), with a scale of at least KRW 20 trillion, targeting long-term investments in AI, data centers, semiconductors, robotics, and defense. The initiative aims to launch in 2027, pending approval of relevant legislation by the National Assembly. This initially appeared to be a standard industrial policy announcement. South Korea is reinvesting the fiscal space generated by the semiconductor boom into the next wave of AI infrastructure. However, SemiAnalysis offers a sharper assessment. This round of South Korean "sovereign
SK Hynix’s Silicon Wafer Procurement Surges 104% Quarter-on-Quarter: A Rush for Supplies and Price Negotiations Amid the AI Memory Arms Race
SK Hynix's silicon wafer procurement expenditure surged 104% quarter-on-quarter in Q2 2026, significantly outpacing Samsung. The core rationale lies in securing raw materials in advance to hedge against price hike risks and to stockpile for the capacity expansion of HBM and advanced DRAM. Meanwhile, SK Hynix has tacitly accepted a 3%-4% price increase from core equipment suppliers, ending a five-year tradition of price reductions.
Samsung unveils next-generation memory roadmap: HBM5 delivers twice the performance of HBM4E, while zHBM accelerates performance by eightfold.
The manufacturing process for the HBM5 base die has been upgraded to 2 nanometers, aiming to double the performance of HBM4E, improve performance per watt by 20%, and reduce thermal resistance by 20%, with mass production expected in 2028. The newly architected zHBM targets eight times the performance of HBM4E, a threefold increase in performance per watt, and a 75% to 90% reduction in thermal resistance, with a launch anticipated after 2029.