--- title: "Weekly Recap: 456% y/y ADR surge and $4B+ Indiana HBM investment" type: "News" locale: "en" url: "https://longbridge.com/en/news/297567026.md" description: "SK hynix ADR surged 456% YoY, driven by AI demand. The company announced a $4B+ Indiana HBM investment creating 7,000 jobs with U.S. aid. CEO Kwak warned memory shortages may persist until 2030. Despite record fund outflows and a narrowly rejected union wage deal, BofA maintained a Buy rating with a $250 target. Samsung leads NAND market share at 29%, followed by SK hynix at 18%." datetime: "2026-08-31T22:14:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/297567026.md) - [en](https://longbridge.com/en/news/297567026.md) - [zh-HK](https://longbridge.com/zh-HK/news/297567026.md) generator: "portal-rs" --- # Weekly Recap: 456% y/y ADR surge and $4B+ Indiana HBM investment SK hynix Inc. Sponsored ADR (KRX:000660) is riding AI-driven memory strength—stock and ADR gains and a $4B+ Indiana HBM/R&D investment with U.S. aid and 7,000 jobs—while CEO warns extended tightness to 2030 even as funds cut positions and unions narrowly reject a pay deal. **Previous Week Recap** - **SK hynix ADR Surge Drives EM AI Gains**: SK hynix ADR (000660) surged ~456% year-over-year, driving EM AI gains. Intraday, the ADR rose about 2.5%, lifting Korea's KOSPI and peers in the memory-chip sector. 2 sources - **SK hynix to Invest $4B+ Indiana HBM Site**: SK hynix (000660) will invest $4B+ to build a 133.5-acre Indiana HBM packaging and AI semiconductor R&D site. Cleanrooms due H2 2028; project ~7,000 jobs. U.S. aid ~ $958M. 2 sources - **Kwak: Memory Shortage May Last**: SK hynix (000660): CEO Kwak says global memory shortage may last through 2030, low oversupply risk, no current oversupply signs, AI demand keeps memory premium; future downturn likely gradual. Binance News - **EPFR: SK hynix ADR Outflows Record**: Funds tied to SK hynix Inc. Sponsored ADR (000660) saw record net outflows in the latest EPFR report, signaling large investor reductions in SK hynix positions. CNBC TV18 - **BofA Keeps Buy, $250 Target**: Bank of America reaffirmed Buy on SK hynix (000660) and kept a $250 target, citing expected long-term memory supply tightness that supports industry pricing and demand. Binance News - **SK hynix ADR Wage Deal Rejected**: SK hynix ADR (000660): union narrowly rejected tentative wage and bonus deal by 50.08% (25-vote margin). Offer: 6.3% pay bump, profit-linked bonuses split 40% cash/60% shares. 3 sources - **Q1 NAND Share: Samsung Leads**: Q1 NAND market share: Samsung 29%, SK hynix (000660) 18%, YMTC ~13% — SK hynix ranks second in NAND share, trailing Samsung and ahead of YMTC and Micron. Dow Jones Newswires **Disclaimer** This is an AI-generated summary and may contain inaccuracies. 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