Why SK Hynix (ADR) (SKHY) rose 8.68% on August 4, 2026

SK Hynix (ADR) (SKHY) rose 8.68% on August 4, 2026 — Memory shortage drives SK Hynix supply deals.

Samsung and SK Hynix announced binding multiyear supply agreements amid persistent memory shortages, securing customer demand visibility and protecting elevated DRAM and HBM pricing.

Locked-in contracts provide demand certainty and allow SK Hynix to maintain premium pricing on supply-constrained products, directly supporting revenue and margin expansion over the contract period.

Part of a Korea Tech rally fueled by structural memory supply tightness — a multiyear tailwind for Korean chipmakers as AI capex keeps demand outpacing production capacity.

If deal terms prove low-margin or non-binding, or if supply constraints fade faster than expected, the pricing support erodes.