On August 25, SK hynix rose 3.03% in regular trading, trading at $160.37/share, with turnover of $336 million.

On the news front, Needham raised its target price on SK hynix from $200 to $220. Additionally, Samsung Electronics and SK hynix announced plans to continue equipment investment in their China NAND flash production lines. SK hynix is advancing a product upgrade at its Dalian Plant 2 starting in Q3, with the discussed scale equivalent to approximately 30,000 wafers per month in capacity. Key manufacturing equipment will begin arriving next month, with deployment targeted for completion by the first half of next year. The Dalian facility was acquired from Intel's NAND business unit in late 2020.

Meanwhile, SK hynix's union rejected a tentative wage agreement by a razor-thin margin of 50.1% to 49.9%, with 7,535 of 15,045 votes cast opposing the deal. The rejected proposal included a 6.3% wage increase and a profit-sharing bonus split of 40% cash and 60% in SK hynix shares, which some members viewed as too heavily weighted toward equity. The two sides are expected to resume negotiations.

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