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Technology Stocks : Semi Equipment Analysis
SOXX 312.76+1.1%Dec 8 4:00 PM EST
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To: booney1 who wrote (86828)4/28/2021 9:14:33 AM
From: Sam3 Recommendations

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seminole

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The article says that they were down in the market because they didn't beat estimates. And they arent really increassing spending as much as pulling in spending that had been planned in 2022 back to H2 of 2021 both because demand was stronger than they expected and they believe it will continue and also because it is getting more difficult to get semiconductor equipment. Here are the critical paragraphs:

Hynix is signaling that the surge in demand for semiconductors for consumer electronics, autos and technology gear shows no sign of abating. The company is moving some of its 2022 capital expenditure into this year in order to secure chipmaking equipment with long lead times, it said. It’s also “optimistic” about the market outlook for the year ahead and sees demand for both DRAM and NAND memory products continuing to grow. It “expects the inventory of customers to decrease quickly,” according to its statement.

Shares were down as much as 3.7% in Seoul on Wednesday. Hynix’s quarterly results failed to meet lofty expectations and justify the stock’s high valuation, according to Seo Sang-yeong, a strategist at Mirae Asset Securities. Semiconductor stocks in general are taking a hit from investors looking to reduce exposure and add more non-cyclical names such as shipbuilders and financial stocks, said Song Myung-sup of HI Investment & Securities.

finance.yahoo.com
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