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SK hynix stock price hits 52-week high

[THE INVESTOR] Korean chipmaker SK hynix saw its stock price hit the highest point in 52 weeks on Sept. 9 on the back of rebounding DRAM prices and the supply of its NAND memory chips to California-based Apple.

The semiconductor firm’s shares reached 39,000 won (US$35) apiece on the day, the highest after the stock price hit a record low in the past 52 weeks of 25,650 won on May 18 this year.

The firm’s shares closed at 38,950 won, up 0.65 percent from a day earlier, on Sept. 9.



The supply of its NAND memory chips for Apple’s latest iPhone 7 and 7 Plus is said to have boosted the stock price of the semiconductor business arm of SK Group.

“As the new iPhones are fitted with larger storage than the previous models, NAND flash memory firms will be able to benefit from that,” said Kim Rok-ho, an analyst from Hana Financial Investment, in his recent investment report.

Among other component suppliers which will benefit from the recent iPhone release are camera module maker LG Innotek, and Samsung Electronics, which produces memory chips.

By Kim Young-won (wone0102@heraldcorp.com)
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