South Korean chip shares rally after Micron's upbeat earnings

Micron Technology, Inc.

Micron Technology, Inc.

MU

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SEOUL, June 25 (Reuters) - South Korean semiconductor shares rallied on Thursday after U.S. memory chipmaker Micron Technology's MU.O quarterly results and forecast topped expectations, boosting optimism over sustained demand for AI-related chips.

Shares of SK Hynix and Samsung Electronics rose as much as 11.1% and 5.9%, respectively, in early morning trade, tracking gains in U.S. chip stocks after Micron's earnings reinforced confidence in the memory chip sector.


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