CLSA: Recent Pullback in Memory Sector Offers Buying Opportunity, Favors Samsung Electronics, SK Hynix and Micron Technology, Inc.
AASTOCKS News·- CLSA reported that a recent macro-driven pullback in the memory sector presents a buying opportunity, supported by robust AI capital expenditure and monetization. - Global memory industry revenue is projected to reach USD 1.3 trillion in 2027 and USD 1.5 trillion in 2028, with memory demand outpacing supply through 2028. - The broker maintains a positive outlook and favors Samsung Electronics, SK Hynix, and Micron Technology.LG Energy Solution starts production at new Lansing, Michigan battery plant after $2 billion investment
PUBT·- LG Energy Solution has started production at its new 226-acre battery plant in Lansing, Michigan, following an investment of over $2 billion since 2022. - The facility manufactures LFP cells for energy storage systems and plans to produce NMC cells for Toyota electric vehicles, with an annual capacity target exceeding 35 GWh at full-scale output. - The expansion increases the company's workforce to approximately 900 employees, with expectations to reach 1,700 jobs at full production.