Samsung Electronics is trading at KRW 223,500, up 5.67%, after reports that it is upgrading China factories to make more advanced memory chips for AI demand and competition.
- Reuters reported Samsung confirmed the upgrades were underway.
- Samsung and SK Hynix shares each ended about 6% higher in Seoul after the report.
- Semiconductor-sector strength also provided support, with renewed AI optimism and SOXX gaining 2.55%.