AI Power & Memory: China's HBM Push, Onsemi/Ferric M&A, SK Hynix Beat
China's CXMT is pushing to start HBM3E production within two months despite low yields, Onsemi is in talks to acquire AI power-management startup Ferric for ~$1B, and SK Hynix beat all expectations again.
What we know
An account on X reports China's CXMT will begin limited HBM3E production with yields of only 20-30% vs. SK Hynix's ~70%, driven by domestic AI chip demand. On the M&A front, another account on X reports Onsemi ($ON) is in advanced talks to acquire Ferric, a 16-year-old AI power-management startup, for nearly $1B. Another account on X amplified the SK Hynix beat as further confirmation of the AI memory supercycle.
How the story developed
China's CXMT is pushing to start HBM3E production within two months despite low yields, Onsemi is in talks to acquire AI power-management startup Ferric for ~$1B, and SK Hynix beat all expectations again.
SK Hynix beat revenue and operating profit estimates by wide margins with 328% YoY revenue growth and 632% YoY operating profit growth, driven by HBM AI chip demand. The company plans ~$75B in shareholder returns for 2026 and expects memory supply shortages to persist through 2030.
Asian chip stocks surged (SK Hynix +6%, Samsung +4%) while US semis and TSLA showed strength; traders flagged key technical levels and upcoming earnings.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.