Just yesterday it became known that the Chinese authorities intend to ban the use of Micron Technology products in devices of China’s critical information infrastructure. This news boosted not only the share price of South Korean, but also Chinese competitors of the American memory manufacturer.
Trading has already started on the trading floor in South Korea, with SK Hynix stocks up 1.1%, as noted by Reuters, while the value of Samsung Electronics shares rose 0.7%. Both Korean memory manufacturers not only actively sell memory chips in China, but also produce a significant part of their products there. It should be borne in mind that against the background of sanctions imposed by the US authorities last October, SK hynix and Samsung have had problems that would have limited their ability to supply equipment for the production of a certain series of memory chips in China, but the The South Korean authorities managed to be exempted from these restrictions for a year. With October just around the corner, Korean authorities are already expressing confidence that companies can get a second reprieve.
According to the information ReutersChinese manufacturers, one way or another related to the segment of memory chip production, also started the week with an increase in share prices. Shares in Gigadevice Semiconductor, Ingenic Semiconductor and Shenzhen Kaifa Technology rose 3% to 8% on Monday. This move was prompted by a signal that Micron’s share of the Chinese memory market might be reduced following claims by local regulators against this American company.