Samsung, SK Hynix Slide 9% Before $646 Billion Investment Update

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Samsung, SK Hynix Slide 9% Before $646 Billion Investment Update Khac Phu Nguyen Fri, June 26, 2026 at 8:44 AM EDT 1 min read 005930.KS 000660.KS AAPL This article first appeared on GuruFocus . Samsung Electronics ( SSNLF ) and SK Hynix ( HXSCL ) could be preparing one of South Korea's biggest investment announcements yet, as local media reported Samsung Group may unveil a 1,000 trillion won, or $646 billion, spending plan over the next decade. The expected announcement is set to come during a Monday presidential briefing hosted by President Lee Jae Myung, where senior leaders from Samsung and SK Hynix are expected to join discussions around semiconductors, AI data centers, and physical AI. Warning! GuruFocus has detected 7 Warning Signs with SSNLF. Is SSNLF fairly valued? Test your thesis with our free DCF calculator. The timing may matter for investors because both chipmakers just suffered a sharp pullback. Samsung and SK Hynix each dropped more than 9% on Friday during a broader semiconductor selloff, with Apple price hikes and a report about a possible OpenAI listing delay weighing on the sector. Lombard Odier strategist Homin Lee pushed back against the idea that the upcoming capex announcements drove the decline, arguing that capacity expansion could support market share leadership and long-term demand stability. SK Hynix has already pointed to plans to expand production capacity as AI and broader tech demand continue to drive appetite for memory chips. Chairman Chey Tae-won has said he wants to double capacity over the next half decade, while Samsung has reported record sales and profits in recent quarters on booming memory demand. Samsung Executive Chairman Jay Y. Lee is also expected to unveil a data center investment plan in Asan on July 2, according to Maeil, potentially adding another signal that South Korea's chip giants are leaning harder into the AI supply chain.

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Local reports suggest Samsung and SK Hynix may announce plans for roughly 1,000 trillion won ($646 billion) of large-scale investment over the next 10 years, likely to be formalized in a presidential briefing. On the same day, both companies' shares plunged more than 9% amid a broader semiconductor-sector correction and concerns about Apple price increases and delays to an OpenAI listing. SK Hynix aims to double production capacity within five years, and Samsung's announcement of an Asan data center investment is likely to accelerate its entry into AI infrastructure. The market sees long-term demand and market-share gains as positives for equipment and infrastructure suppliers, but short-term stock volatility, oversupply risk, and funding risks remain headwinds.

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