🔴 000660.KS is trading 2.3% down today as rival Kioxia leapfrogs firm with 332-layer NAND shipments

000660.KS is trading 2.3% down at $2,290,000.00 after rival Kioxia and partner SanDisk began sample shipments of their 332-layer BiCS FLASH 3D NAND.

• The new technology is viewed as leapfrogging SK hynix in the race for next-generation storage chip dominance.
• Markets are digesting the competitive threat and the potential long-term implications for the company's NAND technology roadmap.
• Shares previously saw a sharper decline of 6.1% to ₩2,201,000 as investors reacted to the sudden shift in the competitive landscape.