SK Hynix Stock Jumps on $8B ASML Chipmaking Tools Order as It Races Samsung

FomoAnxiety · 2026-03-24T11:42:27+00:00

SK Hynix's shares rose over 5% after revealing a ₩11.9 trillion ($7.9 billion) order for advanced equipment from ASML. This follows Samsung's plan to invest ₩110 trillion ($74 billion) in similar areas, intensifying competition in the memory chip sector.

FomoAnxiety

2026-03-24 11:42:27

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Memory chipmaker SK Hynix’s (HXSCL) shares in South Korea jumped over 5% on Tuesday after a regulatory document showed it has made a massive order worth about ₩11.9 trillion ($7.9 billion) from Dutch semiconductor equipment giant ASML Holding ASML +3.98% ▲ .

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The filing comes days after its South Korean counterpart and key rival, Samsung Electronics SSNLF +54.05% ▲ , rolled out plans to invest over ₩110 trillion ($74 billion) into its facilities and research and development in this year alone. Both companies continue to overtake each other as leaders of the global memory chip market.

SK Hynix’s new orders are for ASML’s high-tech extreme ultraviolet (EUV) machines, the type of technology that uses very short-wavelength light to print ultra-fine circuitry on chips. The purchase timeline lasts until 2027, according to the chipmaker.

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