US Market News

SK hynix to Investment $6.8 billion for construction of FAB and Semiconductor Cluster

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SK hynix to Invest $6.8 billion

SK hynix, a supplier of high bandwidth memory (HBM) chips to Nvidia, has announced a $6.8 billion investment to construct a new chip manufacturing plant in Yongin, South Korea. Construction is set to commence in March 2025, with completion targeted for May 2027. This investment is part of SK hynix’s broader plan to invest 103 Read more: SK hynix to Investment $6.8 billion for construction of FAB and Semiconductor Cluster..

Nvidia chips supplier SK Hynix reported highest profit in 6 years amid AI Demand

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Nvidia chips supplier SK Hynix reported highest profit in 6 years

SK Hynix, a major supplier of memory chips for Nvidia, recently reported its highest quarterly profit in six years, driven by the surging demand for artificial intelligence (AI) technology. SK Hynix reported a 5.47 trillion won ($3.96 billion) operating profit for the April-June quarter, a stark contrast to the 2.9 trillion won loss a year Read more: Nvidia chips supplier SK Hynix reported highest profit in 6 years amid AI Demand..

Ford Stock closed down at 3.92% on July 19, after gaining 17.09% over the past month

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Ford Stock closed down at 3.92% on July 19

Ford Stock (NYSE: F) break its seven-day winning streak on Friday, July 19th, 2024.  The  Ford stock closed down 3.92% at $13.98.  While this may seem like a significant drop, it’s important to put it in context. Despite this setback, Ford stock has still gained about 17.09% over the past months, showing that the company Read more: Ford Stock closed down at 3.92% on July 19, after gaining 17.09% over the past month..